1. Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $125 per month into this account starting now (at 25 years old). How much money will you have in this account when you retire?

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2. Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You put $125 per month into this account starting now (at 25 years old), for a 10-year period. After that, you stop contributing to this account, and the account continues to earn 8% interest. How much money will you have at age 67?

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3.Assume you do not start saving now, but wait for 10 years. You will retire at 67, and earn 8% on your monthly deposits of $150. How much will you have at 67?

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4.Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $325 per month into this account starting ten years from now. How much money will you have in this account when you retire?

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