1. You have $2,250 today. You want to invest it into an account, and not touch it for 11 years, when you hope to buy a house. If you invest it in the NASDAQ index, and it earns you 13% on average annually, what amount will you have in the account after 11 years?

2. You have $240 saved as of today. You invest it for 4 years and at the end of four years you have $297. At what interest rate did you invest your money?

3. Lucky you. You just won the lottery. After 80 years, if youre still alive, you will be paid $1,000,000. If you assume that the average interest rate will be 9% over the 80 years, what is the present value of your winnings?