You purchase an investment for $6,000. You expect it will increase in value at a rate of 9% per year. If your expectations are correct, how much will your investment be worth at the end of 2 years? You plan to deposit $750 each year into an IRA earning 9% interest annually. How much will you have in your account in 15 years? You have a child who will start college in 16 years, and you plan to set aside $1,000 a year for her college education during that period. You estimate that you will earn an annual interest rate of 3% on your investment. What amount can you expect to have available for your child when they start college