Question 2

How much should you deposit today in a savings account that earns 8.5% per year so that: 16 years from today, you will have 4,282.43 in your account?

Question 3

Today you deposit $1000 in a saving account carrying an annual interest rate of 6.75%, what will be the balance of your account 20 year from today?

Question 4

If you deposit $600 at the end of each year for the next 35 years in a saving account that earn an annual interest rate of 9%, what will be the balance in your account at the end of the 35-year period?