The Jimenez's are planning a family vacation to Dubai.  Three years ago they save $2000, last year they save $2,000. this year they will save $2000, and they will have another $2000 next year - a total of 4 deposits of $2000.   If they earn 3.4% in their account, how much will they have two years from now when they plan to take their trip?

Lauren wants to buy a car that costs $27,000. She has $22,000 in her bank account currently. If the bank provides with a 7- simple interest rate, how long she will have to wait to reach to her goal of buying that car? Round your answer to the nearest year.

Your awesome grandma has decided to use part of her retirement savings to help you through college. You will show your gratitude by taking her on a trip to Europe. (a) Her money is in an account which has 3.4% interest compounded monthly. She has dedicated $28, 000 of her savings the day you start college to send you monthly money at the end of each month for the 45 months you are enrolled in college. How much money do you get from her every month? (b) Finishing college, you get your first job. In order to take you grand- mother to her native Krokazia, you start putting away $450 at the beginning of every quarter in an account with 4.2% annual interest compounded quarterly for 5 years. How much money do you end up with at the end of the 5 years for your trip?