Q1) How much would George have to deposit in the bank today if he will beearning a 6% annual rate of return and wants to have $5,000 in the bank at the end of five years?
Q2) How much would George have to deposit in the bank at the end of each of thenext five years if he wishes to have $5,000 in the bank at the end of that time period, assuming she will be earning 6% annual rate of return? (Round to the nearest dollar).
Q3) Kristen deposits $5,000 in the bank today. She will be earning 6% interestannually on her deposit. How much money will she have in the bank at the end of 5 years?
Q4) Kristen deposits $5,000 in the bank at the end of each year for five years.How much money will she have in the bank at the end of five years,assuming she will be earning 6% interest annually on her deposits?