Suppose you invest a sum of $1,000 in an interest-bearing account at the rate of 12% per year. What will the investment be worth six years from now?
2.	How much would you need to invest now to be able to withdraw $11,000 at the end of every year for the next 20 years? Assume an 8% interest rate.
3.	Assume that you want to have $165,000 saved seven years from now. If you can invest your funds at a 6% interest rate, how much do you currently need to invest?
4.	Your aunt Rose plans to give you $1,500 at the end of every year for the next ten years. If you invest each of her yearly gifts at a 14% interest rate, how much will they be worth at the end of the ten-year period?
5.	Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $51,000 at that time. How much money do you need to invest each year in an interest-bearing account at the rate of 6% per year to accumulate the purchase price?