1. At what rate compounded monthly is 340,000 the present value of an annuity of 8,500 paid at the end of each month for 10 years?

2. Find the cash value of the property bought in installment, paying 2,500 at the beginning of each month for 3.5 years if the interest is at 9% compounded monthly?

3. How much must be paid at the beginning of each 6 months in order to discharge a debt of 60,000 due at end of 2 years if interest is at 7.5 % compounded semi- annually?

4. If money is worth 10% compounded semi-annually find the amount and the present value of an annuity due paying

15,000 semi-annually for 4 years?

5. The premium on an insurance policy are 5,000 per quarter, payable at the beginning of each quarter. If the

policyholder wishes to pay one year premium in advance, how much should be paid, provided that the interest rate

is 4% compounded quarterly.