1. What is the FED and the IBC doing now with interest rates? how are they promoting global growth or protectionism?
2. Susan and Tom Houser believe that they will need payments of $4,460 at the beginning of each of their retirement. The payments will be made out of an account that is expected to earn 10% interest annually. If the payments are made over 20 years, what amount (approximately) must be deposited in the account at retirement?