Your bank pays 2.8% interest per year. You put $1,100 in the bank today and $650 more in the bank in one year. How much will you have in the bank in two​ years? In two​ years, the amount that you will have is ​$nothing. ​(Round to the nearest​ cent.)

a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you invest the money assuming the interest is compounded annually? b. You have a $20,000 note payable which is due in three years. How much money must you put into a savings account today in order to have enough money to pay off the debt on time assuming your savings account earns 3% interest compounded annually? c. You put $2,750 into an account earnings 4% interest compounded QUARTERLY. How much will be in this account at the end of 4 YEARS? d. In question “b." above, if you leave he money in the account for one more YEAR, how much more interest will you earn in that additional year (Year 5)? e. How long will it take to double $2,000 to $4,000 assuming you invest the $2,000 into an account earning 7% interest compounded annually?

3.  You invest some amount today for two years that pays 6% annually. The bank compounds annually. At the end of the two years, you will have $150. What amount must you invest today?

You would like to have $20,000 in your account after 10 years. What must you deposit now in an account offering 5% annual interest compounded quarterly. Round your answer to the nearest dollar.