1. If you deposit $1,600 in an account paying 8%, how much will you have in 4 years?

2. If you deposit $1,600 into an account paying 8% compounded monthly, how much will you have in 4 years?

3. If you deposit $1,600 in an account paying 8% today and deposit $1,600 every year into the account, how much will you have in 4 years?

4. The average price for a new car today is $29,000. If the rate of inflation is expected to be 3.5% annually, what will a new car cost in 7 years?

5. You bought a stock 7 years ago for $45. Today, the stock is selling for $79. If you sell today, what rate of return have you earned on the stock?

6. How long would it take for a deposit of $1,200 to become $16,000 if you can earn 9.5% on your money?

7. A risk-free investment promises to pay you $650 every 6 months for the next 11 years. If you can earn 9.5% on your money, how much would you be willing to pay for this investment?