G Adam withdraws uniformly from a savings account, at a rate of $7,000 for 14 years. Then due to unforeseen circumstances he needs to increase his annual withdrawal by an additional $5000. He continues to withdraw money at this increased rate for another 8 years until the account is exhausted. With an interest rate of 12%, what was the initial value of the savings account

Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?