1.A car loan of $15,231.06 to be repaid with end of month payments of $275.93. If interest is 9% compounded monthly, how long is the term of the loan? states your answer in years and months from 0 to 11 months

___years, _____ moths

2.Justine has contributed 2000 zero 24.00 every three months for the last nine years into an RRSP fund. The interest earned by those deposits was 6% compounded quarterly for the first four years and 5% compounded quarterly for the last five years. How much money is currently in the RRSP?

3.Property worth $169,000.00 can be purchased for 15% down and quarterly mortgage payments of $3075.00 for 20 years. What effective annual rate of interest is charged?

4.Glenn has made a contribution of $250 at the end of every three months into an RRSP for 10 years. Interest for the first four years was 4% compound. ed quarterly. Since then the interest-rate has been 5% compounded quarterly. How much will Glenn have in his RRSP in three years after the last contribution?

5. What is the discounted value of payments of $82 made at the end of each month for 8.25 years if interest is 5% compounded monthly?