3- You want to buy a new sports car 3 years from now, and you plan to save $3590 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?

4- Your client is 115 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $16900 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 10% in the future.

a) If she follows your advice, how much money will she have at 154?

b) How much will she have at 159?

c) She expects to live for 20 years if she retires at 154 and for 15 years if she retires at 159. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age?