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1. Your first job after college is paying you $58,000 per year (gross salary). If inflation increases by 4% each year, what will your salary need to be 10 years from now in order for you to have the same buying power you currently have. (Future Value)

2. If you deposit $12,000 in a savings account that earns you 4% per year, how much is the account going to be worth in 15 years? (Assume you deposit no more funds and/or make no withdrawals in that same time period.) (Future Value)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92405951

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