1.You have a child who will start college in 18 years, and you plan to set aside $1,000 a year for her college education during that period. You estimate that you will earn an annual interest rate of 4% on your investment. What amount can you expect to have available for your child when they start college?

2.You plan to deposit $150 each month into an IRA earning 0.70% interest monthly. How much will you have in your account in 10 years?

3.What is the total amount you will have to repay for your $20,000 student loan if the interest rate is 3% APR and you pay equal monthly payments over the 10 year life of the loan?