1. Find the term of a loan of $125 at 4.5% if the simple interest is $45. Yr 2. Find the term of the compound interest loan. (Round your answer to two decimal places.) 4.9% compounded quarterly to obtain $8300 from a principal of $2000. Yr 3. Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 14% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 1.2% per month.] % 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 7% for 10 years. $ In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. 5.Find the required payment for the sinking fund. (Round your answer to the nearest cent.) Monthly deposits earning 5% to accumulate $9000 after 10 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 amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $3500 yearly at 7% to accumulate $100,000. Yr 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. An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.8%. Joe deposits $5000 once each year, while Jill has $96.15 (which is 5000/52) withheld from her weekly paycheck and deposited automatically. How much will each have at age 65? (Round your answer to the nearest cent.) Joe$___ Jill$___ 8. Calculate the present value of the annuity. (Round your answer to the nearest cent.) $19,000 annually at 5% for 10 years. $ 9. Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Monthly payments on $170,000 at 5% for 25 years. $ 10. Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $16,500 at 3.2% for 6 years. $