1.Alen saves $40 at the end of each week and deposits the money in his savings account at the end of each month. His savings account earns interest at the rate of 8.4% compounded monthly. How much will he accumulate in 10 years?

2.Find the size of periodic payments to be made at the end of each month for 15 years to repay a $200,000 mortgage if interest is 9% p.a. compounded monthly?

3.Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and agreed to pay $1200 at the end of every month for 15 years. Find the cash price of the house if money earns 6% p.a. compounded monthly.

4.How long will it take to save $35,000 by making deposits of $150 at the end of every month into an account earning interest at 8.6% compounded quarterly?

5.What is the cash value of a property with a mortgage that requires payments of $1200 per month for 25 years if the down payment of $150000.00 is paid when money earns 6% p.a. compounded quarterly?