1. A couple needs $9,547.00 in one year. They only have $7,038.00 today to invest in a mutual fund. What return must the fund generate this year in order to reach their goal?
2. An investor puts $500.00 in a money market fund today that will earn 4.00% over the next year. What is the future value of this account in exactly one year?
3. A couple invests $9,881.00 today in a money market fund that pays 3.00% per year. What is the value of this account in exactly one year?