1)Suppose that you are planning to accumulate $15,000 in one year. Given a monthly interest rate of 1%, the amount approximately you need deposit at the end of each month if you already have $5,000 in your account is closest to:

2)Assume that a financial asset will provide $500 for the next 10 years and then its cash flows will start to grow by 5% a year forever. If the annual interest rate is 8% for the first 10 years and 10% thereafter, its price is closest to:

3)You are interested in purchasing a new automobile that costs $30,000. The dealership offers you a special financing rate of 0.4% per month for 60 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:

4)Suppose that you are offered an investment opportunity that requires to put $6,000 today. In return you will receive $300 each year forever starting next year. Then your annual return from this investment is closest to:

5)Consider a financial instrument that will pay $200 next year and then will grow by 6% a year forever. If the interest rate is 11%, then the value of this asset is closest to:

6)If you want to accumulate $100,000 in real terms by the end of 10 years, assuming a long run expected annual inflation rate of 8.76%, the amount you should deposit today to an account which pays a nominal annual interest rate of 10% is closest to: