1. You would like to save $20,000 in total at the end of the third (3rd) year from now. A local business person (who you think is honest and reliable) gave you an attractive offer of 7% annual growth if you make an investment now. If this offer works out, what amount should you put in now? Round your answer to the nearest dollar. Please do not put "$" or "," in your answer. Put 12345 if your answer is $12,345.43."

2.

You are planning making annual investments starting now for the next 3 years. At the end of the third (3rd) year from now, you will take out the entire amount for some event you are planning. You expect the future growth rate will remain at 7% until you withdraw the entire amount.

a. You are putting in $1,000 now.

b. You plan to save $1,500 by the end of this (first) year; and will invest it into the same account in the beginning of the second year.

c. You expect to have $2,000 by the end of the second year; and will invest it into the same account in the beginning of the third (3rd) year. All your investments will grow at the rate of 7% annually.

Determine the total amount you can take out at the end of the third year. Round your answer to the nearest dollar. Please do not put "$" or "," in your answer. Put 12345 if your answer is $12,345.43."

3.

Which one of the following is different from the rest in its nature?

Group of answer choices

a. Dow Jones (=DJIA, Dow Jones Industry Average)

b. NYSE (New York Stock Exchange)

c. NASDAQ Index

d. S&P 500