A restaurant owner wants to buy new kitchen equipment for $25000. He would lik

A restaurant owner wants to buy new kitchen equipment for $25000. He would like to pay for it through saving up $2000 a week in a fund that
pays 10% interest compounded monthly. How long should he wait to save the entire amount?

If you deposit $220 in your savings account at the beginning of each month for 2 years and if your account bears 6.25% compounded monthly how
much will you save at the end of the 2 years?

Find the future fund for Kelly who is saving $350 at the beginning of each month for the next 4 years if her savings account bears
7.5 % interest compounded quarterly.

Herb is a self-employed agent who is setting his own retirement fund. He is depositing $17000 a year for the next 20 years. How much will he
be able to collect for his retirement given that his retirement fund bears 11% interest compounded semiannually?

Find the future value of an annuity of $2615 payable monthly for 3.5 years that starts after 3 months. The interest rate would be 7%.