Q3-Q4-Q5

Assume a firm makes a \$2,500 deposit into its money market account. If this account is currently paying 0.7% (yes, that's right, less than 1% !), what will the account balance be after 1 year? 4- Rudy will retire in 20 years. This year he wants to fund an amount of 15,000 to become available in 20 years. How much does he have to deposit into a pension plan earning 7% annually? 5- If Bob and Judy combine their savings of $1,260 and $975, respectively, and deposit this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years