1. You need $2,000 to buy a new iPad in one year. If you can earn 7.5% annually, how much do you need to invest today?

2. Your dad wants to save for your graduation, and he realizes you might need $125,000 in 16 years. If he can earn 6% annually how much does he need to invest today?

3. What is the present value of an investment worth $75,000 in 7 years from today? The interest rate is 10%.

4.Your dad deposited $5,000 in an account, earning interest of 6.2%. You can only withdraw the amount after 4 years. What would be the deposit worth after 4 years?