Investment Class	Average Return
Small Stocks	17%
Large Stocks	12%
Long-Term Corporate Bonds	7%
Long-Term Government Bonds	6%
US Treasury Bills	3%
Money Market	1%

Summer just turned 13 years old and is trying to save for a car. She wants to have $4,100 saved up to buy a car on her 16^th birthday. With her babysitting job, she can save $100 per month. Is there any way that she can build up enough money with the example investments? Show your work.

N	I/Y	PV	PMT	FV

James is saving up for the down payment on a house. He wants to put 20% down, which means for the size house he wants he needs to have $40,000. He would like to achieve this goal in 5 years. He has refused to invest in stocks because he sees them as too risky for this goal. After paying rent and other necessary expenses, James can save $450 per month for his down payment. Is his goal of $40,000 in 5 years achievable? Why or why not?

N	I/Y	PV	PMT	FV