1.You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 15 years?

2.You deposit $5000 at the beginning of each year into an account earning 5% interest compounded annually. How much will you have in the account in 30 years?

3.The Jones want to save $86,000.00 in 6 years for a down payment on a house. If they make monthly deposits in an account paying 5% compounded monthly, what is the size of the payments that are required to meet their goal?

4.You have $500,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?

5.You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford?

6.You want to buy a $245,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 5%? $ c) What will your monthly payments be if the interest rate is 6%? $

7.You want to buy a $13,000 car. The company is offering a 2% interest rate for 36 months (3 years). What will your monthly payments be?

8.You can afford a $1050 per month mortgage payment. You've found a 30 year loan at 6% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $

9.You have $3,000 on a credit card that charges a 15% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?

10.Kaylee wants to buy a $42,000.00 car. She is planning on making monthly payments of $700.00 for 5 years. The interest rate on the loan is 3% compounded monthly. How much will her down payment need to be to make this happen?

11.You want to be able to withdraw $50,000 each year for 15 years. Your account earns 10% interest. a) How much do you need in your account at the beginning? $ b) How much total money will you pull out of the account? $ c) How much of that money is interest? $

12.Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $

13.How much would you need to deposit in an account each month in order to have $30,000 in the account in 8 years? Assume the account earns 4% interest.

14.You deposit $300 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 35 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $

15.You want to be able to withdraw $50,000 from your account each year for 20 years after you retire. You expect to retire in 30 years. If your account earns 9% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?