1. Suppose you want to have $800,000 for retirement in 25 years. Your account earns 6% interest. How much would you need to deposit in the account each month?

2. You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in the account in 10 years?

3. You currently have $7,700 (Present Value) in an account that has an interest rate of 4% per year compounded monthly (12 times per year). You want to withdraw all your money when it reaches $14,630 (Future Value). In how many years will you be able to withdraw all your money?