You have $400 and a bank is offering 3.5% interest on deposits. If you deposit the money in the bank, how much will you have in one year? In one year you will have $ (Round to the nearest cent.)

You want to be able to withdraw $45,000 each year for 15 years. Your account earns 6% interest. a) How much do you need in your account at the beginning? W b) How much total money will you pull out of the account? c) How much of that money is interest?

You want to be able to withdraw $25,000 each year for 20 years. Your account earns 10% interest. A.How much do you need in your account at the beginning? b) How much total money will you pull out of the account? c) How much of that money is interest?

1. Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the balance in your account: in one year? in five years? in ten years? 2. Find r: You have $2,000 in a money market account. If you make no deposits to or withdrawals from this account, in 10 years you will have: $10,000 in this account if the account's interest rate is $20,000 in this account if the account's interest rate is