1. find the effective rate of the compound interest rate for investment. Round your answer to two decimal places. 80,000 zero coupon bond maturing in eight years in selling now for $47,035.

2. you have just received $175,000 from the estate of a long lost rich uncle. If you invest all of your heritage and a tax-free bond fund earning 6.1% compounded quarterly, how long do you have to wait to become a millionaire? Round your answer to two decimal places.

3. you have just won $150,000 from a lottery. If you invest all this amount in a tax-free money market find earning 6% compounded weekly, how long do you have to wait to become a millionaire? Rounder answer to two decimal places.

4. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the accumulated amount of the annuity. (Round your answer to the nearest cent.) $4500 annually at 6% for 10 years.

5. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. find the accumulated amount of the annuity. ( round your answer to the nearest cent.) $1000 monthly at 5.6% for 20 years.

6. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. find the required payment for the sinking fund. Round your answer to the nearest cent. Monthly deposit earning 4% to accumulate $9000 after 10 years.

7. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. find the required payment for the sinking fund. Round your answer to the nearest cent. Yearly deposit earning 12.8% to accumulate $7500 after 12 years.

8. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. find the amount of time needed for the sinking fund to reach the given accumulated amount. Round your answer to two decimal places. $295 monthly at 5.5% to accumulate $25,000.

9. in the following ordinary annuity, The interest is compounded with each payment, and the payment is made at the end of the compounding period. an individual retirement account, or IRA, earns tax deferred interest and allows the owner to invest up to $5000 each year. Joe and Geo both will make IRA deposits for 30 years from age 35 to 65 into stock mutual funds youre a 9.8%. Joe deposit is $5000 once each year, while Jill has $96.15 which is 5000/52 withheld from her weekly paycheck and deposited automatically. How much will each have at the age of 65 round your answers to the nearest cent.