8. If you save $10,000 at the end of year 1, $20,000 at the end of next year, and $30,000 at the end of the next 2 years earning 4% yearly, how much will you have after you finish depositing in year 4?

9. If you save $2,000 at the end of each year for 4 years at 5% interest compounded annually, how much would you have at the end of the entire period?

10. If you plan to withdraw $5,000 at the end of each year for 5 years discounted at 10% compounded annually, how much do you need to have in your savings account now?

11. How much is your each monthly deposit in a savings account for 5 years at an annual interest rate of 12% compounded monthly in order to accumulate $500,000?

Answer rating: 100% (QA)

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