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Steve is planning for his retirement life. She plans to invest an equal sum of $ 3 0 , 0 0 0 at the end

 Steve is planning for his retirement life. She plans to invest an equal sum of $30,000 at the end of every year for the next 30 years starting from the end of next year. Bank gives 20% interest rate. Find the maturity amount of her account after 30 years.

b) A construction company is considering making a uniform annual investment in a fund with a view toward providing capital at the end of 7 years to replace an excavator. An interest rate of 6% is available; what is the annual investment required to produce $50,000 at the end of the period?

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