1. You placed $7,646 in a saving account today that earns an annual interest rate of 13 percent compounded annually. How much you will have in this account at the end of 26 years? Assume that all interest received at the end of the year is reinvested the next year?

2. You need to accumulate $86,385 for your son's education. you have decided to place equal year-end deposits in a saving account for the next 16 years. the saving account pays 7.89 percent per year, compounded annually, how will each annual payment

3.What is the present value of $490 perpetuity discounted back to the present at 14.39 percent