Your client wants to know how many years it will take to save $1million if he saves $7,000 each year and earns 6% compounded annually? (2 Marks) SHOW YOUR WORK! N= I/Y = PV = PMT = FV= Jagmeet is 40 and wants to have Slmillion when retiring at age 65. If he saves $10,000 per year what interest rate must he earn to achieve this goal? (2 Marks) N= I/Y= PV= PMT= FV= Bill is 25. By the time that he is 65 he wants to have accumulated $2 million. If he can earn 7% per year, compounded annually, how much does he have to save each year? (2 Marks) SHOW YOUR WORK! N= I/Y = PV = PMT = FV = Assume that you are 25 years old and that you can earn 5% per year on your investments. If you invest $4,000 a year, how much money will you have when you are 55? (2 Marks) N= I/Y= PV= PMT= FV= Your client wants to save for a house and needs a $50,000 down payment in 5 years. If their money earns 3% how much do they need to save each year? (2 Marks) SHOW YOUR WORK! N= I/Y= PV = PMT= FV = Your client is 25 and wants to have $2 million when retiring at age 65. If he saves $10,000 per year what interest rate must he earn to achieve this goal? (2 Marks) SHOW YOUR WORK! N= I/Y = PV = PMT= FV =