Your bank pays 5% interest per year. You put $2,000 in the bank today, $1,500 more in one year, and $2,000 more in two years. How much will you have in the bank in four years? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.) (1 point) Type your numeric answer and submit Please type your answer to submit Unanswered Submit 3 Homework. Unanswered A young couple just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. The current cost (t = 0) of tuition, books and living expenses is $ 40000 per year, and they assume this cost to increase 3.0 % per year for the foreseeable future. The couple wants to save enough to make four payments, the first being on their child's 18th birthday and the last on their child's 21st birthday (t = 18 to 21). Assume that the college savings fund earns 5.0 % per year compounded annually. The couple plans to start saving immediately (t = 0) and keep saving the same amount every year until the baby's 17th birthday (t = 17). How much would they have to save each year (t = 0 to 17) to reach their goal? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.) (1 point) Type your numeric answer and submit