ou want to be a millionaire. If you think that you

can earn a return of $8\%$ on your investments, how

much money would you have to invest at the end

of each year to reach your goal in $40$ years?

$$ If you already had $$5,000$ in your investment

account, how much would you need to invest

each year?

$$ If you did not have the $$5,000,$ and could only

afford to invest $$3,000$ each year, how long

would it take to reach your goal?

$$ How much is $$1,000,000$ forty years from now

worth today if inflation averages $2\mathrm{.}5\%$ over the

next forty years?