1. You take out a loan of $550 under simple interest with 3.27% APR. The term of the loan is two years. How much interest do you have to repay at the end of the four years? A= $17.99, B=$35.97, C=$45.98, D=$16.54 2. You take out $8,000 in student loans under simple interest. The APR is 12%, and the term of the loan is five years. How much in total will you have to repay at the end of three years? A=$4800, B=$960, C=$12800, D=$1645 3. You take out a $2,700 loan with 4.2% APR compounded montly. How much do you owe after three years? A=$4579.28, B=$1,726.51, C=$3061.89, D=$7945.12 4. You take a $3,250 loan with 3.6% APR compounded semiannually. How much do you owe for four years? A=$3748.57, B=$3148.56, C=$2146.98, D=$4859.23 5. You take out a loan for $4,578 with 2% APR compounded continuously. How much do you owe after three years? A=$3578.15, B=$4127.91, C=$4879.14, D=$4861.09 6. What is the value of an annuity at the end of 20 years for $500 is deposited each year into an account earning 8.5% compounded annually? A=$28,1642,78, B=$ 24,188.51, C=$36,157.11, D=$45,369.11 7. For annuity at the end of 20 years if $500 is deposited each year into an account earning 8.5% compounded annually, how much of the future value is interest? A=$ 10,000, B=$19,258.66, C=$13,487.22, D=$14,188.51 8. New parents decided to deposit a set amount into an account that pays 3.5% compounded annually on eacg of their child's first 17 birthdays. What should the annual deposit be, in order for the account to have $50,000 after the 17th deposit? A=$2202.16, B=$2158.46, C=$3079.84, D=$1509.45