A) Lulu needs $200,000 in 10 years. How much must she invest at the end of each year at 11% interest to meet her needs?
B) Gretchen needs $20,000 in 4 years. What amount must she invest today if her investment earns 12% compounded annually? What amount must she invest if her investment earns 12% annual interest compounded quarterly?
C) Matt invested $10,000 today in a fund that earns 8% interest compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% compounded semiannually?
D) Gabe wants to create a fund today that will enable him to withdraw $25,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Gabe invest today?