7. If you are earning a salary of $47,000 in 2019 and expect to receive 4% raises per annum on January 1, what do you anticipate your salary will be in 2017?

8. What is the future value of a single $5,000 investment made today invested for 12 years at 8.3% compounded annually?

9. You hope to buy your dream car 5 years from now. Today, that car costs $71,000 but industry experts project that prices will increase by an average of 3.25% per year over the next 5 years. How much will your dream car likely cost by the time you are ready to buy it?