1.) What is the future value of $1,100 placed in a saving account for four years if the account pays 9.00% compunded quarterly? (Your answer should correct to two decimal places)

2.) Your brother, who is 6 years old, just received a trust fund that will be worth $22,000 when he is 21 years old. If the fund earns 0.09 interest compounded anually, what is the value of the fund today?

3.) If you were to borrow $8,300 over five years at 0.13 compounded monthly, what would be your monthly payment?