1 Jeffery Wei received a 6-year non-subsidized student loan of $30,000 at an annual interest rate of 5.4%. What are Jeffery's monthly loan payments for this loan after he graduates in 4 years? (Round your answer to the nearest cent.)

2 A mutual fund has total assets of $11 million and total liabilities of $1 million. There are 2 million shares outstanding. You invest $3000 in this fund. How many shares are you purchasing?

3 Use the formula A = P(1 + rt) to calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)P = $15,000, r = 8.6%, t = 4 months

4 Suppose your salary in 2013 is $70,000. Assuming an annual inflation rate of 8%, what salary do you need to earn in 2016 in order to have the same purchasing power? (Round your answer to two decimal places.)

5 Calculate the simple interest earned. Round to the nearest cent.P = $6,000, r = 6.9%, t = 8 months

6 Use a calculator for this exercise. Chuong Ngo borrows $2700 from a bank that advertises a 8% simple interest rate and repays the loan in three equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula.

7 A mutual fund has total assets of $55,000,000 and total liabilities of $3,000,000. There are 1,800,000 shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.)

8 You buy a $269,000 home with a down payment of 26%. Find the amount of the down payment and the mortgage amount.

9 You have saved $22,000 for a down payment on a house. Your bank requires a minimum down payment of 17%. What is the maximum price you can offer for a home in order to have enough money for the down payment? (Round your answer to two decimal places.)

10 A bond has a $13,000 face value, a 6-year maturity, and a 2.75% coupon. Find the total of the interest payments paid to the bondholder.

11 You deposit $700 in an account paying 7.2% simple interest. Find the future value of the investment after 4 years. (Round your answer to two decimal places.)

12 Suppose you obtain a 25-year mortgage loan of $191,000 at an annual interest rate of 8.4%. The annual property tax bill is $968 and the annual fire insurance premium is $488. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)

13 The Blackburn Computer Company has declared an annual dividend of $0.50 per share. The stock is trading at $45 per share. Find the dividend yield. (Round your answer to two decimal places.)

14 How much money should be invested in an account that earns 3% interest, compounded monthly, in order to have $14,000 in 6 years? (Round your answer to two decimal places.)

15 The purchase price of a condominium is $121,500. A down payment of 26% is made. The bank charges $725 in fees plus

4 1/2 points. Find the total of the down payment and the closing costs. (Round your answer to the nearest cent.)