1.What would be your quarterly payments for a $3500 two year loan if interest was 4.75% compounded quarterly?

2. You purchase an

annuity for $214,600. The interest rate earned is 6.5% compounded monthly. How

many end of month payments of $1600 will you receive?

3. How long will it

take for semi-annual deposits of $1675 to accumulate to $20,000 in an investment

account that earns 3.25% compounded monthly?

4. You presently have

$120,000 in an account that earns 6% compounded monthly. You will be making

month end deposits of $400 in the account for 12 years. You want to have

$600,000 in the account at the end of the 12 year term. How much extra will you

have to contribute monthly for the last 8 years of the term in order to achieve

that goal?