a. If you purchase a parcel of land today for $25,000 and you expect it to appreciate 10% per year in value, how much will your land be worth 10 years from now assuming annual compounding?

b. If you deposit $1 at the end of each of the next ten years and these deposits earn interest at 10% compounded annually, what will the series of deposits be worth at the end of the 10th year?

c. If you deposit $50 per month in a bank account at 10% annual interest (compounded monthly), how much will you have in your account at the end of the 12th year?