Question: You want to buy a new car 3 years from now, and you plan to save exist3, 500 per year, beginning one year from today.

You want to buy a new car 3 years from now, and you plan to save exist3, 500 per year, beginning one year from today. You will deposit your savings in an account that pays 3% interest. How much will you have just after you make the 3rd deposit, 3 years from now? (enter your answer as a number with two decimals i.e. 41.25) Kyle wants to have exist21,000 in an investment account 4 years from now. The account will pay 0.2 percent interest per month. If he saves money every month, starting one month from now, how much will he have to save each month to reach his goal? (enter your answer as a number with two decimals i.e. 41.25) The Rock Insurance Co. will pay you exist2, 900 a year for 20 years in exchange for exist30,000 today. What interest rate will you earn on this annuity? (enter your answer as a percentage with two decimal points i.e. 15.33 -don't include the % symbol)
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