What annual rate of interest must you earn on your investment to cover the cost of your child's education? Assuming the total cost of a college education will be $295,000 when your child enters college in 18 years. You presently have $53,000 to invest.

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You're trying to save to buy a new $150,000 Ferrari. You have $35,000 today that can be invested at your bank. The bank pays 2.1% annual interest rate on its accounts. How long will it be before you have enough to buy the car? Can someone show me how to do these two probelms. Thank you.