1. Suppose you open a savings account and make 8 annual deposits of $1,000. The account pays an interest rate of 5%. If you don't touch your money at all, how much will you have in the account by the end of 30 years? [Hint: Careful with the timing. When is the last deposit and where does the FV annuity go? That will determine how many more years of interest until year 30.]