1. Katherine deposits $600 at the end of each month into an account that Earns 7.3% per year compounded monthly. How much money will Katherine have at the end of 5 years?

a) $124 820.85

b) $12 719.48

c) $43 290.94

d) $555 174.16

2. Stephanie deposits $4 500 at the end of each year into an account that earns 4.3% per year compounded annually. How much interest will Stephanie have earned at the end of 17 years?

a) $2 232.79

b) $32 929.43

c) $38 776.07

d) $128 754.64

3. A lottery offers a prize of $750 every week for 5 years. The first payment will be made one week from now. If money can be invested at 4.4% per year compounded weekly, what cash payment received immediately is equivalent to the lottery prize?

a) $218 010.73

b) $148.05

c) $174 973.98

d) $711 389.65

4. Alexander borrows money to buy a car. He will repay the loan by making a payment of $270.87 each month for the next 5 years, at an interest rate of 3.2% per year compounded monthly. How much interest will Alexander pay?

a) $1 346.98

b) $2 558.59

c) $1 251.93

d) $480.00

5. Janis plans to repay her student loan of $18 500 by making equal monthly payments over 4 years at 7.9% per year compounded monthly. What is Janis' monthly payment?

a) $328.98

b) $450.77

c) $51.38

d) $70.41