1. If you can make payments of 375.00 per month for five and a half years at an interest rate of 6% how much can you borrow today.

2. How much interest would you pay the first month?

3. If you save 900.00 a year for 10 years and then start saving 3,500 a year for the next 15 years and quit making payments how much will you have at the end of thirty years if you receive a constant rate of 4.5% for the first 25 years and then 6.5% for the last five?

4. If you plan to set up a scholarship at CMU and you can save 5,000 a year for the next 12 years. How much can you give away perpetually starting after year 12 if the guaranteed rate is 2.5%?

5.If you can make payments of 589.33 per month and your interest rate 4% and you want to buy a car for 32,000.00 how long will it take to pay it off?

6.If buv a house for 150,000.00 with a down payment of 25,000.00 and payments of 700.00 per month for thirty years. What is your annual interest rate?

7.If you want to have two million dollars saved forty years from now and you can get 8.5% interest how much do you need to save each month.