1. What is the value today of 1,820 to be received in 18 years if you require a 6% return on your investment?

2.You invest 1,000 today. If you can earn a 1% return on your investment, what will your balance be in 19 years time?

3.Some time ago, you invested 8,773. Today you discover that you have 17,853 in your bank account. If your investment earned 6% interest, how long was your money invested?

4. What is the present value of a stream of payments in the amount of 1,636 to be received 6 times per year for 12 years if you require a return of 4%?

5. What is the future value of a stream of payments in the amount of 980 to be received 5 times per year for 4 years if you require a return of 12%?

6. You purchase a new car and finance 24,797 of the purchase price at a 6.8% rate. What will your monthly payment be if you finance for 4 years?

7. You purchase a new home for $150,000. If you make a 5% down payment, what will your monthly payment be assuming a loan term of 12 years and a rate of 5%?

8. What is the effective rate of 17.6% interest compounded 5 times per year?