1. Today, Jonathan is investing $75,000 at 3 percent, compounded semi-annually, for 10 years. How much additional income could Jonathan earn if he had invested this amount at 4 percent, compounded semi-annually? a. $10,300.28 b. $10,431.93 c. $10,526.75 d. $10,633.31 e. $10,744.06 2. You want to have $40,000 for a down payment on a house 3 years from now. If you can earn 4 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal? a. $32,498.11 b. $33,541.40 c. $34,602.33 d. $35,559.85 e. $36,213.79 3. Donald invested $25,000 30 years ago with an insurance company that has paid him 3 percent simple interest on his funds, Darla Ward invested the same amount at the same time in a fund that has paid her 3 percent interest compounded annually. How much more interest has Darla earned than Donald? a. $11.770.80 b. $12,884.12 C$13,181.56 d. $14,210,44 e. $15,314.20 4. Warren's Diner needed a new location. This establishment spent $95,000 to refurbish an old shop and create the current facility. The firm borrowed 80 percent of the refurbishment cost at 4.8 percent APR for 10 years. What is the amount of each monthly payment? a $721.01 b. $73423 c. $746.54 d. $772.87 e. $798.69 5. Steven can afford car payments of $350 a month for 60 months starting next month. The bank will lend him this money at 6.0 percent APR. How much can Steven borrow? a. $17,868.63 b. $17.924,46 c. $18,103.95 d. $18.254.81 e. $18,370.27