1) You are late playing a bill for 10,357.41 you have made arrangements to pay off the bill in installments of 300$ per month and you will be charged a monthly interest of 1.5% on the overdue balance. How many months will it take you to pay off the account balance? Round to the nearest whole number.

2)Today you invested $35,200 in an investment that pays 3% and will mature in 2 years. Once the investment matures, you will reinvest your funds for another 9 years in another investment that pays 10%. What will be the value of your investment after 11 years?

3)4)

Calculate the future value of the single cash flow deposited today that will be available at the end of the deposit period if the interest is compounded annually, at the rate specified over the given period. Future Value ($) Single Cash Flow ($) 409,000 883,000 992,000 780,000 Interest Rate (%) 3 17 10 15 Years 16 6 20 14 Interest Rate (%) Years Future Value ($) 3 16 Single Cash Flow ($) 409,000 883,000 992,000 780,000 17 6 (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) 10 20 15 14 Cosigning a Loan. What are your ressponsibilities if you cosign a loan? What are the potential consequences of failing to live up to your responsibilities as a cosigner? If you cosign a loan,: (Select the best answer below.) O A. you have to pay 50% of the monthly loan payments. OB. you qualify for additional larger loans from the bank. O c. none of your assets can be taken if the borrower defaults on any of their loans. OD. you can be required to pay the balance of the loan not repaid by the borrower. If you fall to live up to your responsibilities as a cosigner: (Select the best answer below.) O A. it may increase your credit rating. B. the lender may seize the borrower's assets but not the cosigner's assets. O C. the lender may seize the cosigner's assets but not the borrower's assets. OD. it may restrict the amount you can borrow