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You want to save $100 a year for 3 years and hope to earn an average rate of return of 6%. How much will you

You want to save $100 a year for 3 years and hope to earn an average rate of return of 6%. How much will you have at the end of the 3 years if you invest your money at the end of each year? 7. A Life Insurance Company is offering to sell you an investment that will pay you and your heirs $25,000 per year forever. If your required return on this investment is 6%. What is the most you should pay for this investment today? 8

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