2. Your great-aunt wants to help with your college graduation party. She has just placed $3,500 dollars in a interest-bearing account that will earn four percent interest annually. If you graduate in three years, how much will be in the bank account for your party?

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3. Twenty years ago, Lillian invested $20,500 at 5.5 percent interest compounded annually.How much does she have today?

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4. Emiley's grandpa promised to give her $10,000 when she graduates from graduate school three years from now. Assuming an interest rate of 5.5 percent interest rate annually, what is the value of Emiley's gift right now?

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5.Brian deposits $32,500 in a money market account at his local bank. He receives annual interest of 4.8 percent for seven years. How much interest will he earn on his investment during this time period?

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