1. How much will you have saved after 6 years by contributing $1,200 at the end of each year if you expect to earn 11% on the investment?	Insert your answer.
2. A business owner plans to deposit their annual profits in an investment account earning a 9% annual return. If the owner starts with their first deposit today for $22,000 and expects to make the same profit for the next 7 years, how much will be saved for retirement at that point?	Insert your answer.
3. An investor plans to invest $500 a year and expects to get a 10.5% return. If the investor makes these contributions at the end of the next 20 years, what is the present value of this investment today?	Insert your answer.
4. What is the present value (PV) of a 12-year lease arrangement with an interest rate of 7.5% that requires annual payments of $4,250 per year with the first payment being due now?	Insert your answer.
5. A recent college graduate hopes to have $200,000 saved in their retirement account 25 years from now by contributing $150 per month in a 401(k) plan. The goal is to earn 10% annually on the monthly contribution. Will they have the $200,000 at the end of the 25 years?	Insert your answer.