1. Edward Farnsworth has $25,853 in his registered retirement savings plan (RRSP). He expects the RRSP to have a return of 5% per year, compounded annually. He plans to put $4,000 into the RRSP at the end of each year for the next 15 years. How much will Mr. Farnsworth have at the end of 10 years? How much will he have at the end of 15 years?

2. The Mercury Cougar XR7 was Motor Trend's 1967 car of the year. The base price for the car was $3,081 in 1967. If someone bought this car in 1967, kept it in mint condition, and sold it for $64,000 in 2022 what would be the annualized return for this investment?

3. How much interest will be earned over four years if an account pays 5% per annum, compounded annually, with an initial deposit of $5,000? How much interest is earned if the account pays 5% per annum, compounded monthly? How much interest is earned if the account pays 5% per annum, compounded weekly? What can be said about the relationship between interest earned and the number of compounding periods?