Suppose that $1450 is deposited into an account paying simple interest of 8% annually. At the end of seven (7) years, the account will be worth _____________?

If the interest paid on an account is 14% compounded annually, $__________ now is basically equivalent to $12,000 six (6) years from now.

A parent borrows $14,000 today at 5% interest compounded annually to buy a used car for their 16 year old. Two years later the student receives a graduation gift of $3,000 and pays this gift toward the loan balance. Approximately how much money will the parents still owe after that $3,000 payment?

Suppose you invested money into a savings account paying 4% interest six (6) years ago. The account is now worth $7500. Approximately how much did you invest?