Kaelin believes that in 30 years he will need $80,000 to buy a retirement cottage. Assuming he gets an interest rate of 9% compound annually, how much will he have to invest today to reach his retirement goal?  retirement goal - $

John would like to accumulate $100,000 by the time his son starts college in ten years.  What amount would he need to deposit now in a deposit account earning 5%, compounded yearly, to accumulate his savings goal? What if interest is compounded semiannually?

Sam invests $100 each month into his retirement account.  He wants to determine how much will accumulate in his retirement account if he invests for the next 10 years if he can get a 6% return.  How would he do this? Group of answer choices This is a future value of an annuity with a .5% interest rate and 120 payments This is a future value of $1 with an interest rate of 6% and 10 time periods. This is a future value of $1 with an interest rate of .5% and 120 time periods. This is a future value of an annuity with a 6% interest rate and 10 payments

C. Fred is planning on retiring this year. How much must his retirement account have in it this year in order to make a $40,000 payment each year for the next 30 years to meet his needs assuming that the appropriate interest rate is 8%?*