1. A trust fund established by your uncle pays $28,000 each year-end commencing in one year from today and then growing at 1.5% per year, in perpetuity. If the trust earns 13.1% per annum, compounding annually, Calculate the value of the trust fund today is? (to nearest whole dollar; don’t include $ sign or commas):

2.A trust fund pays $49,000 each year-end in perpetuity. If the trust earns 14.6% per annum, compounding annually, the value of the trust fund today is closest to (to the nearest whole dollar; don’t use the $ sign or comma separators):

3.A 5-year loan is to be repaid by month-end repayments of 7,000 starting in one month at an interest rate of 5.2% p.a. compounded monthly. Or, it can be repaid by year-end repayments of $X staring in one year. Calculate the yearly repayments $X. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

4.Linda will make month-end deposits of 1,000 for 6 years staring in one month. She earns an interest rate of 3.1% p.a. compounded monthly for the first 2 years and 8.6% p.a. compounded monthly thereafter. How much will she have in 6 years? Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

5.A loan of 240,000 is to be repaid in 30 years by month-end repayments starting in one month. The interest rate is 4.5% p.a. compounded monthly. Calculate the interest paid in Year 5. (between the end of month 48 and the end of month 60). Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67) (Hint: you can use Excel to find the answer.)