1. You have $500,000 now and you believe you can earn 6.0% per year on your investment. How much will you have in 14 years?

2. You want to receive $85,000 per year forever. You believe that you can earn 6.00% on your money. How much would you need to invest today to achieve your goal?

3. Your Uncle Thomas put $25,000 into a college savings account for you 16 years ago. It is now worth $114,874 now. What is the approximate rate of return he earned on her account over that period?

4. You want to buy a car and find one that you really like. Its a Tesla and its expensive! It costs $85,000. You have $12,000 as a down payment. The dealer is offering financing for 60 months with an APR of 4.00%. What is your monthly payment going to be? Please show your work.