Suppose you want to have $400,000 for retirement in 30 years. Your account earns 5% interest.

a) How much would you need to deposit in the account each month?

b) How much interest will you earn?

You deposit $2000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 35 years?

A man wants to set up a 529 college savings account for his granddaughter.

How much would he need to deposit each year into the account in order to have $70,000 saved up for when she goes to college in 18 years, assuming the account earns a 8% return.

Annual deposit: $