1) Nicholas buys supplies to make pizzas at a cost of $8 less 10%, 5%. Operating expenses of the business are 110% of cost and the profit made is 130% of cost.

a) What is the regular selling price of each pizza? (5)

b) If a pizza goes on sale for 25% off, what would the sale price be? (3)

2) Elena borrowed $8000 to buy a car. If interest is charged on the loan at 9%, how much would she owe in 50 weeks? (5)

3) Find the present value and compound discount of $3000 due in seven years and six months if interest is 12% compounded quarterly. (6)

4) What is the nominal annual rate of interest compounded monthly at which money will triple in nine years? (Answer 3 decimal places.) (6)

5) Michael has set a goal to save $100,000 in a savings account that earns 3.5% compounded quarterly.

a) How much must he deposit at the end of every 3 months for twelve years? (6)

b) How much interest will he earn? (3)

6) A $100,000 mortgage with a 25-year term is repaid by making payments at the end of every month. If interest is 3% compounded semi-annually, how much are the payments?