1. Carly wants to have $3100 to spend on a vacation 1 year (365 days) from now. To save for the vacation she will deposit money into a bank account that pays 2.7% interest compounded daily. Assuming she adds no money to the account after the initial deposit, how much will she have to deposit today in order to afford her vacation?

2. Diana has recently taken out a $25,000, fully amortizing car loan where she will make one payment at the end of each year for 5 years. The loan's APR is 6%. How much of her third payment will go towards interest?

3. To save for retirement, you've decided to save $260 a month at the end of each month during your career. You plan to work for 36 years. Assuming you can earn a 7% return (compounded monthly), how much will you have saved when you retire?

4. Luke's Bikes has received a $200,000 pure discount loan from a bank. The bank will charge 7% interest (compounded annually) and require the loan to be paid back in 4 years. How much will Luke's Bikes have to repay when the loan matures?