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1. You are age 30. You invest $2000 a year until age 60, when you want to retire. How much will you have at retirement,

1. You are age 30. You invest $2000 a year until age 60, when you want to retire. How much will you have at retirement, if you earn 7% per year on your money?

2. You buy stock for $10 a share and sell it 3 years later for $18 a share. What is the precise (rounded to the nearest 10th of a percent) compound annual growth rate? Use CAGR formula method.

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