a)Bar Simpson, age 10, wants to be able to buy a really cool new car when he turns 16. His really cool car costs $21,000 today, and its cost is expected to increase 1.5 percent annually. Bart wants to make one deposit today into an account paying 6.45 percent annually inorder to buy his car in 6 years. How much will Bart's car cost, and howmuch does Bart have to save today inorder to buy this car at age 16.

b)Ken and Sarah put $,100 into a college fund every year for their son, Eric,on his Birthday, with the first deposit one year from his Birth(at his very first birthday)The college fund has guaranteed annual growth or interest rate of 4.25%.At his 18thy Birthday, they will pay the last $2,100 into the fund. How much will be in the college fund for Eric immediately following the last payment?

c)Johnson's dealership is offering you a great deal on a "pre-owned" car. He says,"For only six annual end-of the-year payments of $2,345,the beautiful 2016 Honda civic can be yours". If you can borrow money at 5.7%,what is the price of the car today? If you are to make the payment at the begininning of the year,what is the price of the car today?