Question: Section 2) This is a 5 part question, please answer the following... 1) Anne wants to find the future value of an investment of $3000

Section 2) This is a 5 part question, please answer the following...

1) Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly for 30 years. Use a TMV calculator to solve.

2) Sarah wants to save for a car that costs $5000. She has $4250 in a savings account earning 1.49% compounded quarterly. If Sarah has four years until she gets her driver's license, will she have enough to buy a car? Use the TVM calculator to solve. Explain.

3) How much would you have to deposit at the end of the year in an account that pays an annual interest rate of 3%, if at the end of 10 years you want $6050 in the account? Use the TMV calculator to fill in the table

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