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Smart Tech signed a lease for a rental unit for 10 years. Under the lease agreement, a deposit of $9,000 is made. The deposit will be returned at the expiration of the lease with nterest compounded at 6% per year. What amount will Smart Tech receive at the time the ease expires? Jonathan has an investment that pays him $45,000 every year for the next 15 years. However, he would like to sell his investment today to purchase a house. Assume the going market interest rate is 9%, how much would a wise investor be willing to pay for this investment? Jenna wants to save up for a car which she will need when she graduates in 4 years. How much would she have to deposit today, if this amount would earn 7% per year, to have $29,000 when she graduates? Sally and Billy decided to invest $1,000 every year for their daughter's college fund until she is 18 (starting on her 1st birthday and including her 18th birthday). How much will be in the savings account on her 18th birthday (after the last deposit) assuming an interest rate of 11%