Since your first birthday, your grandparents have been depositing $1000 into a savings account on every one of your birthdays. The account pays 4% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to: a. $36,465. b. $18,000. c. $12,659. d. $25,645. e. None of them.

Your parents put $100 in your bank account when you turn 13. If you don't spend any of it for 5 years, and the interest rate is 4% per annum, what will be the balance (total) of your bank account when you turn 18?

Your parents open a bank account for you when you were born.  They deposit $16,000.00 into the account.The account generates 9.9% per annum for 7 years, then 6.2% per annum for 6 years, then 11.7% per annum for 5 years.How much money is there  in the account when you reach the age of 18?Round your final answer to 2 decimal places. E.g. if the final answer is $12345.8342, please type 12345.83 in the answer box (do not type the dollar sign).

Today is your 24th birthday, and you decide to save $12,000 each year (with the first deposit one year from now) in an account paying 7% p.a., compounded annually. You will make your last deposit when you retire at age 65. You have a life expectancy of 90 years. How much money would you be able to withdraw per year after your retirement, if the first withdrawal occurs on your 66th birthday? (Round your answer in dollars to 2 decimal places, e.g. put 1204.42 if your answer is 1204.4243.)

Assume that your parents wanted to have $ 170 000$170 000 saved for university by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 10.5 %10.5% per year on their investments. a.  How much would they have to save each year to reach their​ goal? b. If they think you will take four years instead of three to graduate and decide to have $ 220 000$220 000 saved just in​ case, how much would they have to save each year to reach their new​ goal?

You are saving for retirement. You plan to retire when you reach 65 yearsold. To live comfortably during retirement, you plan to withdraw moneyfrom your savings account $48,000 each year. Suppose today is your 25thbirthday, and you decide, starting today and continuing on every yearup to your 64th birthday, that you will put the same amount into a savingsaccount. If the interest rate is 2.4% per annum, compounded annually,how much must you set aside each year to make sure that you will haveenough money in the account on your 65th birthday in order to be ableto withdraw $48,000 per year when you retire and you expect to live untilyour are 90 years old (i.e., the first withdrawal is on your 65th birthday andthe last withdrawal occurs on your 89th birthday)?