-Assume that a gallon of milk costs $3.45today. If the average annual inflation rate over the past 30 years was 2.55% p.a., what did a gallon of milk cost 30years ago?
-What is the future value on the day of the last deposit of 25annual deposits of $750 per year (first deposit to be made today)given an interest rate of 5.5% p.a.?
-Assume that I deposit $750 into an account exactly 10 years from today. How much will be in my account at the end of year 50, assuming that my account pays interest of 4.5% p.a.?
-What is the future value at the end of year 15of $10,000 deposited today into an account that pays interest of 4.5% p.a., but with weekly compounding?