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1. You want to pay for your child's tuition out of savings for the next four years, projected to be $10,000,$10,500,$11,000, and $11,750. How much

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1. You want to pay for your child's tuition out of savings for the next four years, projected to be $10,000,$10,500,$11,000, and $11,750. How much do you need in your savings account if it earns 5% per year? 2. An entrepreneur promises to make these loan payments over next three years: $5,000,$15,000, and $25,000. If the lender charges 12% interest, for how much is the loan

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