1. Professor G invests $1,000 at the beginning of each month. He earns 4.8% on his investments and saves for 30 years. How much will he have at the end of the 30-year time period?

2. Professor G has $742,000 and would like to retire by taking out $6,000 per month (beginning) while earning 6.6% on his investments. How long will his savings last?
3. Professor G now has $50,000 in an investment earning 4.8%. He invests $5,000 at the end of each year. How long will it take his account to reach $150,000?
4. SUNY Cobleskill now costs $22,000 to attend for one year. Twenty years ago, it only cost $6,000. What is the annual rate of increase?