1. $4,700 is deposited in a bank for 15 months at a rate of 1.5% per month. Calculate: a) The amount at the end of the term. b) The interest generated in the last month. c) Interest generated in month 7. 2. It is decided to deposit $2,800 for a term of 95 days at an annual rate of 20%. If it is considered commercial interest, how much will be withdrawn at the end of the term? 3. A promissory note with a face value of $6,000 discounted 2 months before maturity at 30% per year with compound interest. Calculate the discounted value. 4. On May 24, a note is signed for a debt of $4,100 and the face value of the note is known to be $4,246.37. If the interest rate charged was 23%, on what date was it due? 5. What is the quarterly rate equivalent to a 14% semi-annual rate? 6. If you have an annual rate of 30%, then, will the equivalent semi-annual rate be less or greater than 15%? Explain. 7. If $4,000 is invested for 5 months and $4,450 will accumulate, calculate: a) The effective quarterly rate. b) The monthly convertible annual rate. c) The semi-annual rate convertible quarterly. 8. Calculate the semi-annual rate convertible monthly, from 38% convertible semi-annually.

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