1. What is the most you would be willing to pay for a investment that will pay you  $59.00  in one year,  $306.00   in two years, and  $475.00  in three years, if your required rate of return for this type of investment is   14.25% ?

2. Suppose you signed a contract for a special assignment over the next  9.0   years.  You will be paid  $28,431.00   at the end of each year.  If your required rate of return is  10.29% , what is this contract worth in today?

3. You need a loan to purchase new equipment.   The loan will be paid off over   12.0  years with payments made at the end of every quarter.  If the stated annual rate is  24.57%  and quarterly payments are  $727.00 , what is the loan amount?

 4. You would like to purchase a car for   $21,352.00 .  If the car loan is  14.36%  financed over  5.0   years, what will the monthly payments be for this car?

5. What is the most that you would pay for an investment that promises to pay  $3,686.00  a year forever with the first payment starting one year from now?  Assume that your required rate of return for this investment is  11.91% .

6. A loan has a stated annual rate of 9.96% . If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest?

7. You invest $3,661.00  at the beginning of every year and your friend invests   $3,661.00  at the end of every year.  If you both earn an annual rate of return of  8.66% , how much more money will you have after 3.0  years?

8. You currently have  $698.00  in a retirement Savings account that earns an annual return of  6.83% .  You want to retire in  46.0   years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?

9. You currently owe  $3,559.00  of your credit card that charges an annual interest rate of  19.01% . You make  $113.00   of new charges every month and make a payment of  $221.00   every month.  What will your credit card balance be in three months?

10. You would like to retire in  34.0  years.   The expected rate of inflation is   3.20%  per year.  You currently have a standard of living that requires  $6,293.00  of monthly expenses.  Assuming you want to maintain the Same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?