You opened a savings yesterday by depositing $10,000. You would like to be able to withdraw $2,000 per year for each of the next 4 years of college and still have $3,000 left in the account when you graduate. What interest rate does this account need to earn?

You are saving for retirement. To live comfortably, you decide you will need to save $2 million by the time you are 65. Today is your 26th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 4%, how much must you set aside each year to make sure that you will have $2 million in the account on your 65th birthday?

You are saving for retirement. To live comfortably, you decide you will need to save $4 million by the time you are 65. Today is your 34th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 3%, how much must you set aside each year to make sure that you will have $4 million in the account on your 65th birthday? The amount to deposit each year is $(Round to the nearest dollar.)

You want to go to Hawaii as a graduation gift to yourself. You start investing when you're a Freshman and you begin with a deposit of $450. You are able to deposit $400 per quarter over your next 4 years of college. Your investment is earning a 6% nominal interest rate compounded quarterly. How much will you expect to have at the end of your Senior year? Which of the solutions below best represents the proper calculation? A. $450(F/A, 8%, 4) + $400(F/A, 8%, 4) B. $450(F/P, 8%, 16) + $400(F/A, 8%, 16) C. $450 (F/P,2%, 16) + $400(F/A, 2%, 16) D. $450 (F/P, 2%, 4) + $400 (F/A, 2%, 4)