1. Calculate the accumulated value of $3235.59 at 17.1% compounded quarterly for 9 years. How much of the amount is interest? Calculate to two decimals.

2. Determine the accumulated value of $8627.54 compounded semi-annually at 15% p.a. for 13 years. Calculate to two decimals.

3. What is the present value of 26592.2 payable in 21 years if the interest rate is 15% compounded monthly? Answer to the nearest cent.

4. A debt can be repaid with payments of $5110 today, $9353 in 2 years and $15454 in 5 years. What single payment will settle the debt 3 years from now if interest is 14.4% compounded quarterly?

5. How many payments will it take for $750 deposited at the end of each month to amount to $52,000 at 9% compounded monthly? Calculate to one decimal.

6. Leanne made ordinary annuity payments of $585per month for fourteen years earning 9% compounded monthly. How much interest is included in the future value of the annuity? Answer to the nearest cent. Do not use commas or $ signs.

7. Janice plans to retire in 25 years and would like to receive $3,000 per month for fifteen years, starting at the end of the first month after retirement. Calculate the amount she must invest now if interest is 7.5% compounded monthly. Answer to the nearest cent.

8. Compute the nominal annual rate of interest (compounded monthly) at which $250 deposited at the end of each month for ten years will amount to $35,000.

9. What payment is required at the end of each month for 3 years to repay a loan of $18,000 at 6.4% compounded monthly? Calculate to two decimal places.