7. What is the future value of a single $6,000 investment made today invested for 10 years at 9.75% compounded annually?

8. You would like to move out of a rental apartment and buy a new home 4 years from now. Today, a typical home with the right size, number of bedrooms, and neighborhood for your needs costs $425,000, although Zillow projects that prices will increase by an average of 5.5% per year over the next 4 years. How much should you plan on the house costing by the time you are ready to buy it?

9. Your grandmother invested a lump sum for you 20 years ago, earning an average of 5.75% per year over that time. Today, she gave you the proceeds of that investment, which is now worth $79,539. How much did she originally invest?