1. How much will $7000 grow in 12 years at 7% 2. You want $3,000,000 by the time you are 50 (in 30 years). How much will you have to save each year to accomplish this, assuming you can earn 9%. 3. Same as question 2, but you can only earn 4% 4. You take out a mortgage for $200,000. Your interest rate is 5%. What are your payments for a 30 year term? For a 20 year term? Assume monthly payments