13) Bob deposited $25000 into a savings account that pays 4.5% interest. If Bob leaves the money in the account, how much will he have in 30 years? What is his ROI? 14) In order to save enough money for a down payment on a home, you deposit \$1500 every 3 months for 5 years into an account that pays 8% interest compounded quarterly. You estimate you will need $25000 for your down payment, will you have enough after 5 years? 15) The Simpsons bought a new home in Springfield for $500,000. They paid 20% down and mortgaged the remaining over a 25-year amortization period. They agree to pay 5% interest compounded monthly. What is the monthly payment required to pay back the remaining mortgage? 16) You borrow $500 from your uncle and agree to repay the $500 plus $20 interest in 8 months. What interest rate are you agreeing to pay? 17) The Toronto Maple Leaf's fired their head coach two years into a five-year contract. The contract guaranteed him a $20,000 /week payment as his salary. If the team owners are now required to buy out the remaining term of the contract for its current market value (ie. present value of his contract) at the time of his firing, what will the current settlement amount be worth? Assume that money can earn 3.5\% compounded weekly