1. (2 point) You have $4,000 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest annually. How much will you have when the CD matures? N=CPT PV= PMT= FV= Calculated Answer: 2. ( 2 point) You are applying for a 15 -year, 6.7% loan. To pay off the loan you will need to make an annual end-of-year payments of $1234.70. How much is the loan that you are getting? saving the same amount of money, a N=PY=CPT(compute):FV=CalculatedAnswer! 4. ( 2 point) Ben and Jen are doing wedding planning. They plan to get married in 3 years. The wedding cost is $6,000. How much do they need to save every year if they can earn an annual interest of 11% on their money? N=I,Y= CPT (compute): 5. Saving planning ( 2 points) Create a savings plan, by indicating: - when you want to start saving? - how often do you plan to put money in: monthly, quarterly, or annually? - if you save money annually, how much are you able to put in? - How long do you need to keep saving? or when will you need to use the money