If it cost $50,000 to attend a public university today, what would it cost to attend that same university 18 years from now assuming that the cost escalated at a rate of 6% per year (annual compounding)?

(Present-value comparison) You are offered ​$100,000 today or ​$340,000 in 15 years. Assuming that you can earn 14 percent on your money, which should you​ choose?

You need $150,000 at the end of the 20th year. You are thinking about two ways of saving the money. Both saving options provide you with 7 percent annually compounded interest rate. a. You are considering one lump-sum payment today . To achieve your objective of $150,000 at the end of the twenty-year period, what should this sum be? b. You can also decide for annual payments. Your first payment is to be made at the end of the first year and the final payment is to be made at the end of the 20th year. What amount must you plan to pay annually to achieve your objective?

You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a major home renovation project in 4 years.  If the money is invested at 6% interest per year, compounded quarterly, how much should be deposited quarterly to reach your goal?  Give the answer correctly to 2 decimal places.