1. What initial investment is required so that you accumulate $1,210 after two years if you expect to earn an interest rate of 10% per year?

2. If you were to deposit $399.27 into an account today that pays 8% interest annually, with a payment of $100 at the end of each year, what would you be left with at the end of 5 years?

3. Assume you are planning on retiring in 30 years. If you deposit $5,000 each year into an IRA account that will earn an average of 7.5% per year, how much will you have after 30 years?

4. Using the same information from question 5, assume you would like to have a $20,000 down payment. How much will you need to save each year now?

5. Joe Haskel will receive $1,500 per year for 10 years from an ordinary annuity. What is the future value of the payments at 8%?