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1. What is the future value (maturity value) of an investment of $10,000 after 4 years? Interest rate is 5% compounded monthly 2. Rose's VISA

1. What is the future value (maturity value) of an investment of $10,000 after 4 years? Interest rate is 5% compounded monthly
2. Rose's VISA balance is $1,880 . She may pay it off in 10 equal end-of- month payments of $200 each. What interest rate is Rose paying per year?
3. How much Jane has to set aside at the end of each month for the next years in order to have $34,000 after 5 years to buy a new car? Interest rate is 3% per year compounded monthly
4. What is the amount of deposit that Bob must make at the beginning of each month for 5 years in order to accumulate a fund of $85,000 by the end of the fifth year, if the fund earns 2.75% interest, compounded monthly?

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