Chapter 4 Handout Suppose we plan to save $1,000 today, and $1,000 at the end of each of the next two years. If we eam a fixed 10% interest rate on our savings, how much will we have three years from today? You want to buy a car and your uncle agreed to lend you money. you think you will be able to pay him $5000 in one year, and then $8000 each year for the next three years. If Uncle Henry would otherwise carn 6% per year on his savings, how much can you borrow from him? Suppose you plan to invest $20,000 in an account paying 8% interest. How much will you have in the account in 15 years? earn a fixed 10% interest rate on our savings, how much w You want to buy a car and your uncle agreed to lend you money. you think you will be able to pay him $5000 in one year, and then $8000 each year for the next three years. If Uncle Henry would otherwise earn 6% per year on his savings, how much can you borrow from him? Suppose you plan to invest $20,000 in an account payin