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You were given $1000 for your high school graduation. You invest it in a bank that will give you 7% interest annually. How much do

  1. You were given $1000 for your high school graduation. You invest it in a bank that will give you 7% interest annually. How much do you have in 4 years when you graduate from college?

  1. What is the future value of $5000 at 9% interest compounded annually over 10 years?

3. You purchase a US Savings bond for $2000 that offers an annual interest rate 5%. How much is it worth after 20 years?

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