Show complete work in a separate sheet of paper 1. Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years. How much would you have at the end of 15 years using compound interest? 2. Suppose you deposit $10 at 5.5% interest for 200 years ago. How much would the investment be worth at the end of the period? 3. Your parents want to begin saving for you sibling's college education and they estimate that she will need $150,000 in 17 years. If they feel confident that they can earn 8% per year, how much do they need to invest today? 4. Your parents set up a trust fund for you 10 years ago that is now worth $19,671.51. If the fund earned 7% per year, how much did your parents invest