1. Simple Interest versus Compound Interest: Bank of Vancouver pays 7% simple interest on its savings account balances whereas Bank of Calgary pays 7% interest compounded annually. If you made a $6,000 deposit in each bank, how much more money would you earn from your Bank of Calgary account at the end of 9 years?

2. Calculating Interest Rates : Assume the total cost of a university education will be $300.000 when your child enters university in 18 Years. You currently have $65.000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's university education?

3. Calculating the Number of Periods: At 6.5% interest, how long does it take to double your money? To quadruple it.

4. Calculating Present Values : Normandin Inc. has an unfunded pension liability of $575 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 6.8%, what is the present value of this liability?

5. Calculating Future Values: Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2060, assuming they appreciate at a 4.1% annual rate?

6. Calculating Rates of Return: The "Brasher doubloon," which was featured in the plot of the Raymond Chandler novel The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,000 in 1979. At what annual rate did the coin appreciate from its minting to the 1979 sale? What annual rate did the 1979 buyer earn on his purchase? At what annual rate did the coin appreciate from its minting to the 2014 sale?

7. Calculating Present Values: Suppose you are still committed to owning a $ 190.000 RMW. If youbelieve your mutual fund can achieve a 12% annual rate of return and you want to buy the car in nine years on the day you turn 30. how much must You invest today.

8. Calculating Future Values: You are scheduled to receive $15,000 in two years. When you receive it, you will invest it for six more years at 7.1% per year. How much will you have in eight years?

9. Calculating the Number of Periods: You expect to receive $ 10,000 at graduation in two years. You plan on investing it at 11% until you have $75,000. How long will you wait from now?