3. A student deposits $500 in the bank today at an annual rate of 3% a year. How much will be in the bank at the end of 4 years? If the student wanted to have the same amount of money in the bank at the end of the four years, how much would have to be deposited at the end of each year (no initial deposit today)? 4. There is $14,000 in an account. The money is earning 3% a year. A $1500 withdrawal is made at the end of every year. How much money is in the account after 20 years? In the above problem determine how many years it would take to run out of money. Based on that number what is the previous answer saying