Cash Flow Diagram 1. You are 40 years old and have accumulated $50,000 in your savings account. You can add $100 at the end of each month to your account which pays an annual interest rate of 6%...

Cash Flow Diagram 1. You are 40 years old and have accumulated $50,000 in your savings account. You can add $100 at the end of each month to your account which pays an annual interest rate of 6% compounded monthly. Will you be able to retire in 20 years? 2. How much should be invested now (at present time) at 8% compound interest per year, in order to receive US$ 1360.5 within 4 years; or what is the present equivalent worth of US$ 1 360.5 to be received four years in the future?

Extracted text: Cash Flow Diagram 1. You are 40 years old and have accumulated $50,000 in your savings account. You can add $100 at the end of each month to your account which pays an annual interest rate of 6% compounded monthly. Will you be able to retire in 20 years? 2. How much should be invested now (at present time) at 8% compound interest per year, in order to receive US$ 1360.5 within 4 years; or what is the present equivalent worth of US$ 1 360.5 to be received four years in the future?