1). Jane's father places $800 in a savings account paying 6% interest compounded annually. She wants to know how much money will be in the account at the end of the years.

2). You want to invest $1000 per year at the end of each year. How much money will you have at the end of 5 years at an interest rate of 7%?

3). Suppose you want to buy a boat for $20,000 for cash 5 years from now. To this end, you want to make an annuity deposit every year so that you accumulate the required money. At an interest rate pf 6%, how much do you have to deposit each year for an (i) ordinary annuity, and (ii) an annuity due.

4). You borrow $10,000 at an interest rate of 8%. The loan is to be repaid in 4 equal annual installments. Construct the amortization table. Find the finance charge.

5).Your friend borrows $2000 from you and says it will be given back in 2 years. How much are you getting back with an interest of 5%?

6). You win the lottery of $1,000,000. It will be given to you in an equal amount for 20 years. How much will you be given per year? How much would you get if you cashed out now?