1. George Just hit the jackpot in Las Vegas and won $55,000! if he invests it now, at a 12% interest rate, how much will it be worth 15 years from now?
2. Zach would like to have $4,000,000 saved by the time he retires 40 years from now. How much does he need to invest now at a 14% interest rate to fund his retirement goal?
3. Assume that Olivia accumulates savings of $2 million by the time she retires. If she invests this savings at 8%, how much money will she be able to withdraw at the end of each year for 20 years?