1. If $ 2000 is invested at 6% compounded monthly, what is the amount after 4 years?

2. How long will it take for money to double if it is invested at 6% com- pounded continuously?

3. What equal monthly payments would have to be made into an annuity that pays 6% compounded monthly in order to have $200,000 after 10 years?

4. I am buying a house that costs $150,000. I will pay a 20% down payment, and the rest is to be amortized over 30 years in equal monthly payments. If the annual interest rate is 6% compounded monthly,

a. what will my monthly payments be?

b. how much total interest will I have to pay?

5. In problem 4., what is the unpaid balance on the loan after 20 years?

6. What is the Annual Percentage Yield for money invested at 9% com- pounded monthly?

7. Calculate (ie. give a numerical value for) log139

8. Solve forx: logx16 = 2.

9. Sketch the graph ofy=xshowing all intercepts and asymptotes.

x1

10. Find all the x-intercepts for the cubic polynomialy=xx.