1. Using an APR of 22%, find the finance charge on each: (a) A billing cycle of September 12 to October 12, a carried over balance of $1600, a charge of $520 on September 25, and a payment of $2200 on September 30. (b) A billing cycle of February 20 to March 22, a carried over balance of $4100, a payment of $1200 on February 26, a charge of $250 on March 2, and another payment of $1900 on March 8 2. I have a deposit of $9000 which I put into a treasury bond paying 3.4% interest compounded annually. How much money will I have after 16 years? Calculate it two ways: (a) using A= P(1 + (b) using the TVM N= I%= PV= PMT= FV= P/Y= C/Y= 3. Use the TVM to find each of the following: (a) Johanna has to pay off half of the delinquent (late and unpaid) debt from her late marriage. The debt is $74,500 from credit cards, a bad auto loan and some college debt. She has the debt to a bank which is charging 8.2% interest, compounding monthly. If she wants to pay it off in 10 years, how much will she have to pay per month? N= I%= PV= PMT= FV= P/Y= C/Y= (b) In part (a), calculate what 10 years worth of monthly payments comes to. How much more than $74,500 is this? (c) Becka has come into an inheritance, and wants to invest the money in stocks. She finds a portfolio (group of stocks to buy) which has historically been paying 7% annual dividends (compounded annually). If she wants to have $310,000 in 10 years so she can buy a new house, how much money would she have to invest now? N= I%= PV= PMT= FV= P/Y= C/Y=