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1 . If $ 1 , 0 0 0 is deposited into an account each year earning 1 0 percent interest annually for 2 0

1. If $1,000 is deposited into an account each year earning 10 percent interest annually for 20 years, and another $500 is deposited into the same account earning 10 percent interest from years 10 through 20, how much is accumulated into that account at the end of 20 years?
2. You have just graduated from the Mechanical Engineering program and have found a lucrative job. You plan to retire in 30 years, but you wish to invest some money for your retirement so in 30 years your retirement account has accumulated $500,000. For this plan, you decide to pay10,000 now and x amount at the end of each month. How much do you have to deposit into that account at the end of each month if the account earns 12% annual interest rate.
3. For problem 2, instead of depositing at the end of each month, you decide to pay one lump sum at the end of each year. How much do you have to deposit into the account at the end of each year?
4. An account earns 10% interest annually. $2,000 is deposited into that account today, at the end of 5th year another 2000 is deposited into the account and additionally monthly deposits of $300 is made into that account. How much is accumulated into that account at the end of 10 years?5. For problem 4, no withdrawal is made at the end of ten years but instead, the withdrawal of the funds is made at the end of 20 years. No additional deposits is made from years 10 through 20.How much is accumulated in the account at the end of 20 years?6. A house is purchased for $350,000. The owner decides to pay $1800 per month for the payments. Assuming interest is 3.25% annually, determine the number of payments for the house to be fully paid.7. A college fund is set up for 18 years where $50 a month is deposited to it for the duration of that period. Assuming interest rate of 8% annually, how much can be withdrawn from that fund each month from years 19-22.8. Determine the equivalent present worth of the following cash flow diagram (i=6%).9. Determine the equivalent future worth of the$20Kfollowing cash flow diagram (i=6%).10. Determine the equivalent annual worth of the following cash flow diagram(i=6%).

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