1 Calculate the simple interest earned. Round to the nearest cent.

P = $2000, r = 8%, t = 1 year

2 Calculate the simple interest earned. Round to the nearest cent.

P = $3700, r = 5.3%, t = 6 months

3 Use the formula A = P(1 + rt) to calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)P = $19,000, r = 8.4%, t = 6 months

4 Calculate the maturity value of a simple interest, one-year loan of $5200. The interest rate is 11.8%. (Round your answer to two decimal places.)

5 How much money should be invested in an account that earns 6% interest, compounded monthly, in order to have $13,000 in 6 years? (Round your answer to two decimal places.)

6 You borrow $5000 to help pay your college expenses. You agree to repay the loan at the end of 6 years at 10% interest, compounded quarterly. (Round your answers to two decimal places.)(a) What is the maturity value of the loan? (b) How much interest are you paying on the loan?

7 Suppose your salary in 2013 is $40,000. Assuming an annual inflation rate of 6%, what salary do you need to earn in 2018 in order to have the same purchasing power? (Round your answer to two decimal places.)

8 Use a calculator for this exercise. Chuong Ngo borrows $5400 from a bank that advertises a 6% simple interest rate and repays the loan in six equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula.

9 Use a calculator for this exercise. Arrowood's Camera Store advertises a Canon Power Shot 3.34-megapixel camera for $425, including taxes. If you finance the purchase of this camera for 1 year at an annual percentage rate of 6.3%, find the monthly payment. (Round your answer to the nearest cent.)

10 Jeffery Wei received a 6-year non-subsidized student loan of $32,000 at an annual interest rate of 5.2%. What are Jeffery's monthly loan payments for this loan after he graduates in 4 years? (Round your answer to the nearest cent.)

11 The Blackburn Computer Company has declared an annual dividend of $0.60 per share. The stock is trading at $45 per share. Find the dividend yield. (Round your answer to two decimal places.)