1. You are planning for your future and want to know what the monthly payment on your student loans will be, you have $150,000 outstanding at an interest rate of 9%. You want to pay it back over a 10 year period.
2. You just turned 30 and want to retire in 35 years with $1,500,000. Assuming you can get a rate of return of 6%, how much money will you need to put away each month to achieve your goal?
3. If you were to invest $50,000 from you lottery winnings today, how much will it be worth in 20 years assuming a 7% rate of return?
4. You have been hired by a company to help then plan for a future liability, in 5 years the company needs to pay back a shareholder loan of $100,000. How much money do they need to invest today to appreciate to $100,000 in 5 years given a 4% rate of return?