1. Calculate Periodic Interest Rate (i) and Compounding periods (n) Nominal interest (j) Compounding Frequency (m) Periodic Interest Rate (i) Term Compounding periods (n) 6% Annually 5 years 7.2% Semi-annually 6 years 5.6% Quarterly 8 years 4.8% Monthly 10 years

2. Find the compound amount of $5700.00 at 11.2% p.a. for seven years compounded monthly.

3. Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.

4. Calculate the accumulated value of $3000.00 at 8% compounded quarterly for fifteen years. How much of the amount is interest?

5. What is the present value of $7800.00 payable in six years if the current interest rate is 7.6% p.a., compounded quarterly?

6. Determine the sum of money that will grow to $18,530 in four years, eleven months at 5.2% compounded quarterly.

7. Determine the proceeds of $19,000 three years and three months before the due date if interest is 7.6% compounded semi-annually.

8. A $41 200.00, non-interest-bearing note due August 1, 2003, discounted on March 1, 2001, at 7.32% compounded monthly. Find the proceeds.

9. A ten-year promissory note discounted after seven years at 10% compounded quarterly has a maturity value of $40,000. Find the proceeds.

10. Debts of $400.00, $450.00 and $500.00 are due in one year, eighteen months and thirty months from now respectively. Determine the single payment now that would settle the debts if interest is 8% p.a. compounded quarterly.

11. A debt of $5000.00 is to be repaid by payments of $2000.00 after two years, $2500.00 after three years and a final payment after five years. Determine the size of the final payment if interest is 10% p.a. compounded semi-annually.

12. A loan of $2500.00 made today is to be repaid in three equal installments due in one year, two years, and four years respectively. What is the size of the equal installments if money is worth 8.4% compounded monthly?

13. An obligation of $5150.00 due in 2.5 years is to be settled by four equal payments due today, nine months from now, 21 months from now, and 27 months from now, respectively. What is the size of the equal payment at 8.88% p.a. compounded quarterly?

14. A debt of $8125 due today is to be settled by three equal payments due three months from now, 18 months from now, and 39 months from now respectively. What is the size of the equal payments at 6.8% compounded quarterly?

15. A loan of $9000.00 was repaid together with interest of $3728.00. If interest was 9.4% compounded quarterly, how long was the loan taken out? (Give answer in years and months to the nearest tenth.)

16. In how many days will $770.00 grow to $880.00 at 11.5% p.a. compounded monthly?

17. A 11-year $8000.00 promissory note, with interest at 8.4% compounded monthly, is discounted at 6.5% compounded semi-annually yielding proceeds of $14 631.15. How many months before the due date was the date of discount?

18. At what nominal rate of interest compounded monthly will $1700.00 earn $500.00 interest in three years?

19. Calculate the nominal rate of interest compounded semi-annually that is equivalent to 8.4% compounded monthly.

20. Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 10% p.a. compounded semi-annually.