Question: 1) Solve for a Future Value: If you deposit $5,000 today into an account that pays 8% interest per year (compounded annually), how much is

1) Solve for a Future Value: If you deposit $5,000 today into an account that pays 8% interest per year (compounded annually), how much is in your account after 12 years assuming you make no other deposits or withdraws? 2) Solve for a Present Value: How much do you need to deposit today in an account in order to have $40,000 in 5 years if the account pays 3% interest? 3) Solve for an Interest Rate: If you deposit $15,000 today and want it to be worth $50,000 in twenty years, what interest rate must you earn on the money deposited today? 4) Solve for a number of periods: How long will it take for $25,000 to be worth $1 million if the money can earn 8% interest on average

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