Betty invested a one-time gift for me 17 years ago at 4.25 percent interest. Today, she gave me the proceeds of that investment which totaled $5,539.92. How much did Betty originally invest?

• $2,730.30
• $3,223.14
• $4,590.70
• $2,768.40
• None of the above

Josh plans to begin saving one year from today. He will contribute $12,000 per year for 35 years and estimates that he can earn an annual rate of 6% on his savings. How much does he expect to have in 35 years?

• $1,325,217
• $1,337,217
• $1,424,710
• $1,471,437
• None of the above

Sue need $4,000,000 when you retire in 40 years and can earn 8% on all invested funds. Sue will start contributing to your retirement account in a month. How much does she have to put into your retirement account every month?

• $1286.72
• $1,145.80
• $2329.45
• $27,953.39
• $15,440.65