Travis took out a $225,000 home mortgage with 3.4% interest rate and equal annual payments. How much will he have to pay annually to repay the loan in 15 years?

Jim wants to buy a $500,000 house, he already has $10,000 saved. Assuming a 10% annual return and a 30% tax rate, how much will Jim need to save per year to have a 20% down payment in 3 years?

If Joe wants to pay cash for a $30,000 car in 3 years, how much does he need to save each year if he can earn a 5% tax-free rate of return?

What is the future value of kicking a smoking habit twenty years from now? Assume $5 a pack per day and an interest rate of 10%.