Bob wants to buy a $1,580,000 retirement home in fifteen years in Key West. He wants to know what interest rate will allow him to achieve this goal if he has $340,000 to invest today.

You will make the following investments for a boat: $1,500 today, $3,000 at the end of year four, and $1800 at the end of year nine. How much will you have in twelve years if you can earn 4% on your investments?

What is an investment fund worth today that will pay you $35,000 for the next fourteen years if you can earn 5.5%?