1.Mr. and Mrs. Jones buy a house for $255,000.If the house appreciates at 5% annually, what would be the value of the house in 8 years?

2.If Susan saves $5,500 per year for 30 years and earns 7% on his investment, how much money will she have after 30 years?

3.Mr. and Mrs. Davis needs to have $75,000 to send their daughter to college in 12 years.They expect to earn 7% annually on their investment.What amount do they need to have today so that they can reach their financial goal of having $75,000 in 12 years?