If you invest $2,700 today at an interest rate of 3.83 percent, compounded daily, how much money will you have in your savings account in 20 years?

To what amount will the following investment accumulate?

$8,927, invested today for 8 years at 14.06 percent, compounded monthly.

You placed $6,082 in a savings account today that earns an annual interest rate of 13.48 percent, compounded semiannually. How much will you have in this account at the end of 18 years? Assume that all interest received at the end of the period is reinvested the next period.

Stephen plans to purchase a car 6 years from now. The car will cost $67,047 at that time. Assume that Stephen can earn 5.88 percent (compounded monthly) on his money. How much should he set aside today for the purchase?

John plans to buy a vacation home in 6 years from now and wants to have saved $92,434 for a down payment. How much money should he place today in a saving account that earns 9.75 percent per year (compounded daily) to accumulate money for his down payment?

Camila plans to go for vacation to Australia in 10 years from now. She estimates that she will need $17,819 for the trip. How much does she need to place in a saving account today that earns 7.06 percent per year (compounded quarterly) to accumulate this amount?