1. Today, Jane withdrew $25,400 from her savings account. She opened the account 7 years ago and it has earned annually compounded after –tax interest of 5%. How much did Jane deposit seven years ago, assuming she made only the original deposit?
2. Would you invest in the blue chip growth fund and what are the benefits of Owning Blue chip growth fund ?
3. Claire receives a bonus every six months. She estimates it will be no less than $7500. If she invests this amount at the beginning of every six months for ten years at 4% semi-annually, what sum will she have in 10 years.