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1) You need S6,000 in 3 months to pay for a Christmas vacation. If your investments earn 4.00% APR (compounded monthly), how much do you have to invest today such that your investment will grow to just cover your property tax bill? A) $6,059 B) $5,822 C) $5,940 D) $5,441 E) $5,334 2) Your son is getting married and as a gift you give him a country club membership. You pay for 12 months of membership sthrting 6 The membership costs $500 per month. If your investments earn 3.00% APR (compounded monthly), how much do you have to invest today to just cover the cost of the membership? A) S5,932 months from today B) S5,816 C) S5,830 D) S6,022 E) S5,904 3) You need S4,500 in 6 months for your property tax bill. If your investments earn 5.00% APR (compounded monthly), how much do you have to invest each month, starting next month for 3 months such that your investment will grow to just cover your property tax bill? A) S1,233 B) S1,446 C) S1,513 D) S1,475 E) S1,505 4) You child is planning to attend summer camp for 3 months, starting 6 months from now The cost of the camp is $4,000 per month, each month for the 3 months she will attend. If your investments earn 5% APR (compounded monthly) how much must you invest each month starting next month, for 3 months, such that your investment would just cover the cost of the camp? A) S 1.889 B) S4,080 C) S3 ,996 D) $11,656 E) $3,918 F) S4,000

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