Jamie Lee needs to save a total of $9,000 in order to get started in her cupcake caf venture. She is presently depositing $1,800 a year in a regular savings account. Calculate the future value of these deposits.

Assuming that she leaves her emergency fund of $3,100 untouched, how much will her emergency fund be worth?

What if Jamie Lee had a relative that could give her money now that she could invest? What is the minimum amount she would need now to ensure that she had $9,000 when she wanted to open the cupcake caf?

As Jamie Lee is planning ahead for operating the cupcake caf, she calculates that she will need $24,000 per year in salary. What is the value of five years of salary when the cupcake caf opens? (Assume that she will take the salary as a one-time payment each year.)

Use the table below and Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, and Exhibit 1-D to calculate the balances of the information provided above. Assume that the time period for each scenario is 5 years, and the interest rate is 2%.

Future Value of a Single Amount	Current Amount	x	Future Value Calculator	=	Future Value Amount
Future Value of a Series Deposits	Regular deposit amount	x	Future Value of annuity factor	=	Future Value Amount
Present Value of a Single Amount	Future Amount Desired	x	Present value factor	=	Present Value Amount
Present Value of a Series Deposits	Regular Amount to be widthdrawn	x	Present value of annuity factor	=	Present Value Amount