How many years will the following take? $539 to grow to $33,319 if invested at 9.60 percent, compounded annually. Answer Round the answer to two decimal places. Your client plans to buy a house in 6 years. He wants to save money for a down payment on the new house. He are able to place $156 every month at the end of the month into a savings account at an annual rate of 7.28 percent, compounded monthly. How much money will be in the account after he made the last payment? Round the answer to two decimal places. You need to accumulate $82,340 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 18 years. The savings account pays 7.26 percent per year, compounded annually. How much will each annual payment be? Round the answer to two decimal places. A client's child will be attending college in 4 years. Assume current tuition and fees are $39,463, and inflation for college costs averages 3.2 percent, and she can earn 7.1 percent on the money she invests for this purpose. The client wants to know how much she will need to set aside today to pay four years of tuition and fees. Round the answer to two decimal places. John plans to buy a vacation home in 7 years from now and wants to have saved $93,138 for a down payment. How much money should he place today in a saving account that earns 7.74 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places Your client has been accumulating money on college fund for years to be able to pay for his son's education. This year his son is accepted to college and he might continue his education after graduation. Leaving aside issues of inflation and annual increase in the cost of tuition and fees, the funds would last 4 years with equal semiannual beginning-of-the-period payments of $30,052 each, with the first payment to be made today. If the annual interest rate is 8.09 percent compounded semiannually, how much has your client accumulated on college fund? (You need to calculate present value of college payments). Round the answer to two decimal places