1.You plan to make five deposits of $1000 each, one every six months , with the first payment being made In 6 months. You will then make no more deposits. If the bank pays 4% nominal interest, compounded semiannually, how much will be in your account after 3 years?

B) One year from today you must make a payment of $10,000. To prepare for this Payment, you plan to make two equal quarterly deposits (At the end of the quarters 1 and 2) in a bank that pays 4% nominal interest compounded quarterly. How large must each of the two payments be?

2.Henry buys a large boat for the summer, however he cannot pay the full amount of $32,000 at once. He puts a down payment of $14,000 for the boat and receives a loan for the rest of the payment of the boat. The loan has an interest rate of 5.5% and is to be paid out over 4 years. What is Henry's monthly payment, and how much does he end up paying for the boat overall?

3. Julie spends $634.90 using her credit card during the duration of her monthly credit card statement (March 4th to April 4th). By May 4th she still hasn't paid off her credit card balance and has spent another $712.18. What is the credit card balance after the two months if her card has an interest rate of 21.99%?

4.The Jameses take out a mortgage on their $470,000 home. The mortgage has an interest rate of 4.6% and is amortized over 30 years by making monthly payments. How much will the James be paying each month on their home mortgage?

5.Use the future value formula to find the indicated value.

FV=11,000; i=0.02; PMT=$500; n ?

6.A manufacturer of golf clubs makes a profit of$50per set on a model A set and$55per set on a model B set. Daily production of the model A clubs is between20and50sets, inclusive, and that of the model B clubs is between10and30sets, inclusive. The total daily production is not to exceed50sets. How many sets of each model should be manufactured per day to maximize the profit?

7.Does a group that receives paypal donations have a legal non-profit

8.joan wants to invest some money now to buy a new tractor in the future. if she wants to have $350,000 available in 3 years, how much does she need to invest now in a cd paying 4.55% interest compounded monthly?

9.How long will it take for an investment of$1000to double in value if the interest rate is8.5%per year, compounded continuously? (Round your answer to two decimal places.)

10.Find the time required for an investment of$3000to grow to$8000at an interest rate of6.5%per year, compounded quarterly. (Round your answer to two decimal places.)