With the company retirement plan, you set aside a 8% of your salary each year to a 401(k) plan, with your employer matching dollar to dollar. You make the first 401(k) contribution on your 27th birthday based on the current salary of $68,000. Assume the contributions are made annually. You expect your salary to increase 4% a year, and the expected return on the retirement account is 8% per annum. How much do you expect to have at your retirement at age 69 with the last contribution made on your 68th birthday? Hint: first find the PV of the cash flows, and convert it to a FV.

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions