You would like to save up for a deposit of $30,000 to buy a home in exactly 8 years. You can invest your savings at an interest rate of 6.5% per year (compounded yearly). Calculate the amount that you must save at the end of each year for the next 8 years to have enough savings for this deposit (to the nearest dollar).

You need to have $33,000 in 9 years. You can earn an annual interest rate of 3 percent for the first 5 years, and 3.6 percent for the next 4 years. How much do you have to deposit today?Multiple Choice$25,511.20$24,710.91$25,291.75$26,368.52$24,003.59

Your goal is to accumulate $100,000 in four years' time. What half-yearly deposit must you make into a savings account to reach your goal? Interest rates are 5% per half-year. Group of answer choices $2,264.88 $11,446.73 $23,201.18 $10,472.18

You are planning to buy a house in four years' time and expect it to cost $1,000,000. You know you will need to make a downpayment of $100,000 at that time to acquire the house. Notes: You must show all workings. If there are no workings you will not get full marks even if the final answer is correct. Question 2(b) REQUIRED: Assuming the savings account in part (a) of this question still pays interest at 6% per annum, but it now compounds interest semi-annually, how much will you need to deposit at the end of every 6 months into the savings account, with the first deposit to be made 6 months from today, to accumulate $100,000 in 4 years' time. (Clearly show your workings, round to 2 decimal places and conclude with a concise statement detailing your final answer to the problem). (4 marks) Note: Enter your numerical answer in the designated places below. Do not put a dollar sign ($) in your numerical answers. Show your calculations (workings) in the box provided. Round your answer to two decimal places. Interest Factor Tables have been provided.

1. Tom decides to save money to buy his dream car. He deposits $8,000 into a savings account with an annual interest rate of 6%. Calculate the simple interest after 3 years.*4 points$1,140$1,240$1,340$1,4402. Emily starts saving for her college education by depositing $12,000 into an education fund with an annual interest rate of 5%. Calculate the simple interest after 4 years.*4 points$1,400$2,400$3,400$4,4003. Mark is saving for a home renovation project. He deposits $15,000 into a savings account with an annual interest rate of 8%. Calculate the total amount after 2.5 years.*4 points$12,000$14,000$16,000$18,0004. Alex invests $25,000 in a small business with an annual interest rate of 9%. Calculate the simple interest after 2 years.*4 points$1,500$2,500$3,500$4,5005. A group of friends (5 members) decides to start a vacation savings club. Each friend contributes $500 to the club every year, and the total amount is deposited into a savings account with an annual interest rate of 4%. Calculate the total amount in the savings account after 5 years.*4 points$1,000$2,000$3,000$4,000

You have just deposited $7,000 into an account that promises to pay you an annual interest rate of 5.7 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $19,100 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal?Multiple Choice4.78%4.41%4.35%5.38%3.82%