1. You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? compounded annually. How much will you have in the account in 15 years? be repaid in 10 days. Treating the fee as interest paid, what is the equivalent annual interest 2. You deposit $3000 each year into an account earning 5% interest 3. A payday loan company charges a $30 fee for a $450 payday loan that will rate? 4. A consumer buys a used car for $19000 with monthly payments of $350, an annual interest rate of 4.98%. Find the number of payments. 5, A couple buys a $160000 home, making a down payment of 15%. The couple finances the purchase with a 15 year mortgage at an annual rate of 3.01%. Find the monthly payment. If the couple decides to increase the monthly payment to $1000, find the number of payments. 6. The city is issuing bonds to raise money for a building project. You obtain a $8700 bond that pays 5% interest annually that matures in 9 years. How much interest will you earn