1- Jennifer was awarded damages of $150,000 in a successful lawsuit she brought against her employer 6 years ago. Simple interest on the judgment accrues at the rate of 13%/year from the date of filing. If the case were settled today, how much would Jennifer receive in the final judgment? $ ______________

2- David owns $20,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 3%/year (simple interest). How much income will David receive from this investment every 6 months? $ ____________ How much interest will David receive over the life of the bonds? $ _______________

3- Isabella purchased $20,000 worth of 26-week T-Bills for $19,550. What will be the rate of return on her investment? (Round your answer to two decimal places.) ____________ %

4- Today, a typical family of four spends $960/month for food. If inflation occurs at the rate of 3%/year over the next 7 years, how much should the typical family of four expect to spend for food 7 years from now? (Round your answer to the nearest cent.) $ ____________ per month

5- An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year compounded semiannually. How much did the note cost? (Round your answer to the nearest cent.) $ ___________

6- Juan is contemplating buying a zero coupon bond that matures in 14 years and has a face value of $10,000. If the bond yields a return of 5.75%/year, how much should Juan pay for the bond? (Round your answer to the nearest cent.) $ ____________