Future Value of a single investment 1. Mark started a 529 college-savings plan for his newborn son in the year 2002 and invested $5,000 into it. Being a clever finance major, Mark managed to earn an annual 20 percent on his initial investment. His son is now entering college at 18 years old, how much money is available to the son? 2. I labal bought a house in San Francisco in 2010 for $700,000 and has owned it since. Home values have grown at 10 percent compounded annually. What is the value of lqbal's house now (2020)? 3. Daria forgot she had opened a bank account in which she had initially deposited $100,000. It has been 20 years and the bank has compounded her deposit at 1 percent annually. How much is her deposit worth now? 4. Marjorie put $10,000 into the 5&P500 in the year 2003 and has not touched it since. It's now 2020 and her investment is worth $50,000. What was her annual rate of return? 5. How much money do I need to place into a bank account that pays a 1.08% rate in order to have $500 at the end of 7 years