FINANCE-Assuming a .01 % APR and a beginning balance of $300 today

1. Assuming
a .01 % APR and a beginning balance of $300 today. And then suppose you save
$100 a month for 5 years. How much will you have at the end of 5 years?
2. Assuming
an age of 28. At the beginning of each year, starting today, you put $3,000 in
an investment account earning 8% per year and you continue making $3,000
contributions every year until you reach age 70.
a. How much
will you have in your retirement account?
b. How much
will you have in your account if you start contribution one year from now,
instead of today?

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