1. If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%? 2. What will $110,000 grow to be in 9 years if it is invested today at 11%? 3. You would like to have $200,000 in a college fund in 15 years. How much do you need today if you expect to earn 12% while you are investing to pay for your childs college? 4. You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you? 5. What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly? 6. How many years will it take for $136,000 to grow to $468,000 if it is invested in an account with an annual interest rate of 8%? 7. At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years?