n	i	PV$1	FV$1	PVA	FVA
4	8%	.73503	1.36049	3.31213	4.5061
5	6%	.74726	1.33823	4.21236	5.6371
60	.5%	.74137	1.34885	51.72556	69.7700

1. You want to have 30,000 at the end of 5 years to buy a new car. How much should you save each month to achieve your goal if you can earn 6%?

2. You want to buy a 25,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%?

3. You invest 10,000 today in an account and will leave the money invested for 4 years. Your average investment rate is 8%, what amount will you have in the account at the end of the 4 years?

4. You plan to invest 1,000 every year for the next 5 years. what will be the value of your investment at the end of the 5 years if you can earn 6% annual interest?

5. Your grandparents have decided to give you 20,000 in 4 years for graduate school. Assuming your grandparents are earning 8% annually, how much do they need to invest today so that they aave 20,000 to give you in 4 years?