1) Last National Bank offers a certificate of deposit (a.k.a. as a "CD") paying a return of 7% / year. If you invest $1,000 how much will you have at the end of year 5? 2) You want to buy a house in 4 years and expect to need $25,000 for the down payment. If you currently have $15,000 to invest, what annual rate of return do you need to reach your goal? 3) You want to buy a car, but you are short you need a total of $5,000. If you could invest your entire savings of $2,350 at an annual rate of return of 12%, how long would you have to wait until you have accumulated enough money to buy the car?