Problem
1. The current production target for the 5-year plan of Logo Company is to increase output by 8 percent per year. If the 2000 production is 3.81 million tons, what is the target production for 2005?
2. At a growth rate of 9 percent, how long does it take a sum to double?
3. If, at age 25, you open an IRA account paying 10 percent annual interest and you put $2000 in at the end of each year, what will be your balance at age 65?