Question 3

Today you deposit $1000 in a saving account carrying an annual interest rate of 7%, what will be the balance of your account 20 year from today?

Report the answer with 2 numbers after decimal place

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?

Report the answer with 2 numbers after decimal place

Question 5

You invest $2000 today in a saving account that pays 8%/year. 1 year from today, you make another investment of $3000 in the same saving account, earning the same 8%/year. What will be your account balance 20 years from today?

Report the answer with 2 numbers after decimal place.

*** I need all the steps shown with solutions. Please show the work. thanks