3. Anna would like to purchase a car in 5 years. The car will cost $34,000 at that time. If she can earn 8% on an investment, how much would she need to invest today to make sure that she can afford the car at the end of 5 years?

4. Assume your employer offers a bonus of $7,500. The only catch is that you must wait 6 years to take possession of the money. If you can earn 4% on your savings, what is the minimum you would take today to match the bonus?

5. James is contributing to his 401(k) retirement plan. He contributes $3,000 per year. His employer matches 50% of his contribution. If James can earn a 10% rate of return, how much (approximately) will he have in his account after 10 years?