1. (10 Mark) Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years. How much would you have at the end of 15 years using compound interest? How much would you have using simple interest? 2. (10 Mark) Suppose you had a relative deposit $10 at 5.5% interest 200 years ago. How much would the investment be worth today? 3. (10 Mark) You are saving for a new house and you put $10,000 per year in an account paying 8% compounded annually. The first payment is made today. How much will you have at the end of 3 years? 4. (10 Mark) You ran a little short on your February vacation, so you put $1,000 on your credit card. You can only afford to make the minimum payment of S20 per month. The interest rate on the credit card is 1.5% per month. How long will you need to pay off the $1,000? 5. (10 Mark) Suppose a bond with a 10% coupon rate and semiannual coupons has a face value of S1000, 20 years to maturity and is selling for $1197.93. Is the YTM more or less than 10%? What is the semiannual coupon payment? How many periods are there