1) You gota job for a company with a starting annual salary of $61739. Your contract stipulates that your salary will increase by 2.6% after each year on the job (so, for example, during your second year on the job your annual salary was 2.6% more than $61739).

You also decided to savefor retirement by depositing $8288 into a retirement account every year.

Suppose that20 years have elapsed.What percent of your yearly salary will you beyou depositing into your retirement account the following year?Round your answer to the nearest tenth of a percent (tenth place).

2)Sandra borrows a certain amount of money from Louise. After 57 months, Sandra repays Louise a total of $5995. The loan had an annual simple interest rate of 6.6%.

Of the total amount that Sandra repaid to Louise, what percent was interest?Round your answer to the nearest tenth of a percent (tenth place).

3) Frank borrows $1389 from Samantha for 48 months. If Samantha wants Frank to repay a total of 5% more than what he borrowed, what annual simple interest rate should she charge him?Round your answer to the nearest tenth of a percent (tenth place).

4) Matt borrows $7047 from Brian for 58 months. The loan had an annual simple discount rate of 7.5%.

Of the total amount that Matt repaid to Brian, what percent were the proceeds?Round your answer to the nearest tenth of a percent (tenth place).

5) Will borrows a certain amount of money from Sean. After 155 days, Will repays a total of $1569. The annual simple discount rate on this loan is 7%.

Alena borrows a certain amount of money from Rosanne. After for 159 days, Alena repays a total of $1630.

If the proceeds on both loans are the same, what annual simple discount rate is Rosanne charging Alena?Round your answer to the nearest tenth of a percent (tenth place).

6) Roger borrows $4381 from Francine for 54 months. If Francine wants Roger to repay 52% more than what he borrowed, what annual simple discount rate should she charge him?Round your answer to the nearest tenth of a percent (tenth place).

7) For what term (in months) is an annual simple interest rate of 12.6% is equivalent an annual simple discount rate of 7.0%?Round your answer to the nearest month(whole number).

8) Bank A offers an annual simple interest rate of 7.2%. Bank B offers an annual simple discount rate of 5.4%.

Suppose I want to deposit $10970. Assuming I choose the bank in which my money grows more, how much money will be in my account after 4 years?Round your answer to the nearest dollar (whole number).

9) Jared buys a $5403 par value bond with monthly interest payments. If the bond's coupon rate is 4.1% and the current yield is 6.5%, how much did Jared spend on the bond?Round your answer to the nearest dollar (whole number).

10) Karen spends $9006 on a bond with monthly interest payments. If the bond's coupon rate is 6.3% and the current yield is 5.2%, what is the bond's par value?Round your answer to the nearest dollar (whole number).

11) Pat purchases a $9878 par value bond for $10879. If the coupon rate is 7.9% and interest payments are made monthly, what is Pat's current yield?Round your answer to the nearest tenth of a percent (tenth place).