1.You wish to offer to fund a scholarship of $25,000 per year at the University of Knowledge that will support the next generations of students. If the university can earn 8.5% per annum on its funds, how much would you need to provide the university today.

2.Mining Minerals signs a $1,100,000 million contract. The contract calls for an immediate payment of $100,000 (to be received today), a payment of $250,000 to be received one year from today, a payment of $300,000 to be received three years from today and a final payment of $450,000 to be received four years from today. What is this contract worthtodayif the firm can earn 7.5% on its money? [Round to the nearest dollar]

3.Sherry has found a car priced at $65,000 that she would like to purchase today.She can pay a $10,000 deposit but would need to borrow the balance.The car dealership has offered her a 60 month loan with an APR of 4% (compounding monthly) and monthly payments.What is the amount of each of the monthly loan repayments? [Round to the nearest dollar]

4.Eric is working as an Accountant and invests $25,000 today in a managed fund for a total of 25 years.It is expected the managed fund will earn a return of 5%, compounded annually for the first 10 years and then 8%, compounded annually for the final 15 years. How much money will Eric have in his account when he retires assuming no further deposits? [Round to the nearest dollar]