1. Bill wants to invest $45,000 for the next 5 years. If the investment is going to generate 8% interest compounded weekly, how much will he have at the end of 5 years?
2. If an organization wants to put some money in savings for the next 5 years at 4.5% interest, how much should it invest if it needs to have $30,000 at the end of the time?
4. Let’s assume you want to retire with $1,000,000 in your investment portfolio. Given that your investment timeline is 35 years, the return on investment is going to average 8% and you plan to contribute a fixed amount every year for 35 years. What will be this amount?