1.)Kym intends to retire in 12 years and would like to receive $738.00 every threemonths for 11 years starting on the date of her retirement. How much must Kym deposit in an account today if interest is 7% compounded quarterly?

2.)A property development agreement valued at $56,000 requires semi-annual lease payments of $8,000. The first payment is due four years after the date of the agreement and interest is 5% compounded monthly. For how long will payments bemade?

3.)What monthly lease payment due in advance should be charged for a tract of land valued at $40,000 if the agreed interest is 6.39% compounded annually?