1.You expect to earn 8% per year on your investment. If youinvest $3000 today ho

1.You expect to earn 8% per year on your investment. If youinvest $3000 today how much will your investment be worth in 9years ? 2.You want to have $40000 available to finance a triparound the world in 12 years. You estimate that you can earn 12% onyour investment. How much do you need to deposit today to meet yourgoal ? 3.A new Grady White fishing boat cost $5000 in 1979. Todaythe very same boat costs around $40000. Estimate the averageannual inflation rate using the Rule of 72. 4.You invest $2000today and expect ot earn 9% per year. how many years will it takefor your investment to grow to $32000 ?