1) Charlie Hebro intends to save for a house by making monthly deposits into a term savings account that earns interest at the rate shown in row 7 of the data table, with interest compounded monthly. His budget allows him to save the monthly amount shown in row 14 of the data table starting at the end of this month.

a) What will his savings be if he follows his plan for 5 years?

b) If he receives an unexpected inheritance of $50,000 today which he deposits to start off his home savings, what will his total savings be at the end of the five years.

2) William Bunting has credit card debt shown in row 8 of the data table. He is considering increasing his home mortgage loan to pay it off. The credit card and home mortgage interest rates are shown in rows 5 and 3 respectively of the data table. Both loan types are computed on monthly stops. He is intending to increase his home mortgage payments so as to amortise the credit card debt over five years.

a) How much would his monthly repayments to the credit card company be if he intended to pay out the debt over five years?

b) By how much will his mortgage payments increase if he adopts this plan to deal with his credit card debt?

c) How much would he save by transferring his credit card debt to his mortgage?

Value of stolen gold $20.000.000 in 1550 2 10 year Government Bond Rate 2.3% pa 3 Mortgage Interest Rate 4.7% pa English Empire Equivalent return 5.1% pa Credit card interest rate 11.1% pa 6 Savings account interest rate 1.3% pa Term deposit interest rate 3.5% pa 8 W. Bunting's credit card debt 12.700.00 9 Recreational Supplies' asset turnover 1.7 10 Recreational Supplies' ROE 6.50% 11 Recreational Supplies' debt-to-equity ratio 16.00% 12 Recreational Supplies' net sales $4.900.000.00 13 Hobart City Bank's shares outstanding 313.000.000 14 Hobart City Bank's share price 45.00 15 Charlie Hebro's saving target 800 16 Hobart City Bank's profit $1.000.000.000.00