You're trying to save to buy a new $150,000 car. You have $35,000 today that can be invested at your bank. The banks pays 2.1% annunal interest. How long will it be before you have enough to buy the car? 

3. You have just received notification that you have won the $1 million first prize in the Lottery. However, the prize will be awarded in 80 years. What is the present value of your windfall if the discount rate is 7.25% 4. You are scheduled to receive $13,000 in two years. When you receive it, you will invest if for six more years at 7.5% per year. How much will you have in eight years?