1. College tuition is currently $38206 and is expected to grow at a rate of 2.35% per year. How much will college tuition be in 16 years? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.

2. You have borrowed $2859 from your parents. You will pay them back what your borrowed plus $463 in 3 years. What is the implied interest rate?Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.

3. You are planning to start investing so that you can retire in 20 years. If you would like to have $2380394 when you retire and if you think you can earn 8.22% per year on average, how much will you have to deposit each week to meet your goal? Enter only numbers and decimals in your response. Round to 2 decimal places.

   4. You have received an inheritance which will pay you $4385 every month for 21 years. If the relevant rate is 7.78% per year. How much is it worth today? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.