1. Mark Wheeler, an employee at Walmart, made deposits $800 at the end of each year for 4 years. Interest rate is 4% compounded annually. What is the value of Regans annuity at the end of 4 years?

2. Jane Watson promised to pay his son $400 semiannually for 12 years. Assume Jane can invest his money at 6% in an ordinary annuity. How much most Jane invests today to pay his son semiannually for 12 years?

3. To help you reach financial security upon retirement, you should invest 20% of your income annually. If you automatically transferred $3000 at the end of each year to a retirement account earning 4% interest compounded annually, how much would you have after 25 years? Thirty years?

4. After paying off a car loan or credit card, dont remove this amount from your budget Instead, invest in your future by applying some of it to your retirement account. How much would $450 invested at the end of each quarter be worth in 10 years at 4% interest rate?

5. The average American has $99 lying about, Stick $99 in an ordinary annuity amount each year for 10 years at 5% interest and watch it grow. What is the cash value of this amount of this annuity at the end of year 10?

6. Robert Nelson has decided to retire in Lawton after 10 years. What amount he should invest today, so that he will be withdraw $28,800 at the end of each year for 15 years after he retires? Assume he can invest the money at 8% compounded annually.