29. Your grandfather spent $8,000 in total to buy some shares of stock in a new company 20 years ago. The stock has appreciated 3 percent per year on average. What is the current value of all these shares together? 1) Equation: 2) Answer: 30. You have just received a prize worth $100,000. You deposited your winnings into an account which pays 6 percent interest compounded annually. How much will you receive from your winnings if you wait 8 years before you withdraw? 1) Equation: 2) Answer: 31. You want to have $500,000 for your daughter's education 10 years from now. If you can earn 3 percent, compounded annually, on n your savings, how much do you need to deposit today to reach your goal? 1) Equation 2) Answer En Bank Cor Fold