1.) If $100 is deposited in an account at the end of each year for 20 years at 3.25% interest compounded annually, how much will be in the account at the end of twenty years? How much was deposited, and how much was earned?

2.) Kristen gets a bonus at the end of each year at her company. If she deposits $850 at the end of each year into an account paying 2.8% interest compounded annually,

2a.) How much will she have after 15 years?

2b.) How much of this amount was deposited, and how much is interest?

3.) If $75 is deposited at the end of each month in an account paying 4% monthly, what will the future value of the account be at the end of three years?

4.) Andy is saving for a summer trip to Europe. If he deposits $110 at the end of each month into an account paying 4.25% compounded monthly,

4a.) How much will he have in his account after 2 years?

4b.) How much of this total is deposited and how much is interest?

4c.) How much would he have in the account after 2-1/2 years?

5.) After finishing college, Jared starts his new job. Immediately he starts depositing some of each end-of-month paycheck into an account paying 3.75% compounded monthly. How much should he deposit at the end of each month in order to have $2,500 for a down payment on his dream car,

5a.) in two years? How much does he deposit total?

5B.) in four years? How much does he deposit total?

6.) Since two years is exactly half of four years, why isnt the total in (b) exactly half of the total in (a)?

7.) Suppose we deposit $200 at the end of every month into an account paying 4% interest compounded monthly. How long will we need to continue making these deposits before the account has $20,000 in it?

8.) If $90 is deposited into an account at the end of each month for ten years at 5% compounded monthly, how much will be in the account at the end of ten years? How much is actually deposited and how much interest is earned?

9.) Terry wants to make equal payments at the end of each month in an account paying 5.25% interest compounded monthly to save $5,000 in two years to buy a boat. What should her monthly deposits be?

10.) Which is worth more after 10 years: $5,000 deposited into an account paying 4.5% interest compounded daily (365 days) OR deposits of $135 at the end of each quarter into an account paying 8% quarterly?

11.) David deposits $100 at the end of each quarter into an account paying 3.5% interest compounded monthly for 7 years. He then changes his deposit to $125 each month for 5 more years at the same rate. What will the amount on deposit be after the entire 12 years?