You deposit $100 each month into an account earning 5% interest compounded monthly.

a) How much will you have in the account in 25 years?

b) How much total money will you put into the account?

c) How much total interest will you earn?

Suppose you want to have $700,000 for retirement in 20 years. Your account earns 6% interest.

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

b) How much interest will you earn?

You deposit $3000 each year into an account earning 8% interest compounded annually. How much will you have in the account in 20 years?

A periodic deposit is made into an annuity with the given terms. Find how much the annuity will hold at the end of the specified amount of time. Round your answer to the nearest dollar.

Regular deposit: $1750

Interest rate: 4.55%

Frequency: Weekly

Time: 22 years

Future value: $

You deposit $250 each month into an account earning 7% interest compounded monthly.

a) How much will you have in the account in 15 years?

b) How much total money will you put into the account?

c) How much total interest will you earn?

How much should you invest each month in order to have $500,000 if your rate of return is 4.5% compounded monthly and you want to achieve your goal in 40 years?

How much interest will you earn?

How much should you invest each month in order to have $500,000 if you want to achieve your goal in 20 years?

If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?

A newscaster earns $31,200 and wants to invest 10% of his/her monthly salary to save for retirement in 38 years. If he/she invests this money at 2.5% compounded monthly, how much money will he/she have at retirement?

a) How much will be saved each year?

b) What will be the monthly deposit?

c) What will be the amount in the account after 38 years?