A young couple wishes to accumulate $24,000 at the end of 4 years so that they can make a down payment on a house. What should their equal end-of-year deposits be to accumulate the $24,000, assuming a 5% rate of interest? The annual deposit should be $ (Round to the nearest cent.) Homer deposited $225 in the bank today and plans to make the same deposit next year and again the year after that. How much will Homer have in the bank in two years? Homer's bank pays an interest rate of 6.9%. The amount that Homer will have in the bank in two years is $ (Round to the nearest cent.) Happy birthday! You are 30 years old today. You want to retire at age 60. You want to have $1,900,000 at retirement. Realistically, you know that the most that you can save from your 31st birthday until your 50th is $7,750 per year (you only save on your birthdays!). How much do you have to save each year from your 51st to your 60th birthday in order to achieve your retirement goal if you can earn 7% on your savings? How much do you have to save each year from your 51st to your 60th birthday in order to achieve your retirement goal? (Round to the nearest cent.)