1. You are interested in buying a house and renting it out. You expect to receive a monthly net income of $1,349 from rent. You then expect to sell the house for $298,000 at the end of 50 months. If your discount rate on this investment is 4% per year (compounded monthly), how much is this property worth to you today? Assume that you receive rent at the beginning of each month and you receive the first rent the same day you purchase the property. Round to the nearest cent.

2. Your favorite aunt opens a savings account on your name and deposits $7,000 at the end of each year for 9 years. The account earns an interest rate of 2.1%. After the final deposit, you move the accumulated savings to your brokerage account and invest in the stock market, where they earn an average return of 5.6% for the following 27 years. How much will you have in your account at the end? Round to the nearest cent.

3. You have $180,000 in an account earning 1.8% per year. You plan to make 12 annual withdrawals out of this account starting 4 years from today. What are the equal annual withdrawals you can make that will deplete the account at the end? a. $17,736.66 b. $19,142.53 c. $12,742.71 d. $15,351.41 e. $21,669.66 f. $15,878.98 g. $12,918.79

4. You'd like to buy a 40-foot used catamaran in 14 years for $450,000. You already have $82,000 saved in an account earning a monthly interest rate of 0.15%. Your plan is to make monthly deposits into this account in order to save enough to buy the catamaran. How much would you need to save monthly? a. $672.32 b. $2,010.88 c. $2,649.24 d. $1,618.12 e. $1,804.69 f. $1,586.13 g. $2,382.53

5. You have $4,000 in an account earning 2.5% compounded weekly. How many weeks until your balance grows to $13,000? Answer in weeks, rounded to one decimal place.