1) Peter deposited $25,000 in a savings account on April 1 and then deposited an additional $4500 in the account on May 7. Find the balance on June 30 assuming an interest rate of 4% % compounded daily.

2) At the end of each year, Shaun and Sherly will deposit $5100 into a 401k retirement account. Find the amount they will have accumulated in 12 years if funds earn 6% per year.

(2 Marks)

3) Kulluha Sdn. Bhd. signed a note with a payment of $1 1 ,500 per quarter for 4 years. Find the amount they must set aside today to satisfy this capital requirement in an account earning 6% compounded quarterly. (2 Marks)