1. Your investment of $10,000 made two years ago grew in the first year by 12%; and then declined, in the second year, by 6%. Determined the current amount of your investment now.

2. You invested $1,000 into an investment account on Jan. 1 of 2019. You also invested another $1,000 into the same account on Jan. 1 of 2020. Each investment is expected to grow by 5% per year. If this plans works out as expected, what amount of cash in total will you be able to withdraw from the account on Dec. 31 of 2020?

3. 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.