$1-$You have an investment goal to save for the future. You estimate that you will need $$500,000$

in $25$ years. If you could obtain a return of $7$ percent, how much would you need to invest

annually to reach this goal?

$2-$How long it will take you to reach the amount of $$350,000$ if you will invest $$8,000$ per year,

earning $8$ percent?