Q1. You invest $2,984 at the beginning of every year and your friend invests $2,984 at the end of every year. If you both earn an annual rate of return of 10.00%.

a) how much will you have in your account after 18 years?

b) how much will your friend have in his account?

Q2. You currently have $4,214 in a retirement savings account that earns an annual return of 08.00%. You want to retire in 50 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal

Q3. You currently owe $2,788 to your credit card that charges an annual interest rate of 17.00%. You make $142 of new charges every month and make a payment of $185 every month. What will your credit card balance be in three months?