2) 3) 4) 5) Suppose you want to withdraw $ 600 at the end of every month for 4 years. If the account pays 3.5% compounded monthly, how much should be in the account before any withdrawals occur? How much of what you withdraw is interest? What is the cash value of an equipment requiring payments of $800 at the end of each half-year for four years if interest is 8% compounded semi-annually? If you want to accumulate $7,000 in your bank account in 5 years, how much must you deposit at the en of every quarter if interest is 3.5% compounded quarterly? Anna borrowed $9000 to help finance the car she just bought.She is going to pay quarterly payments of $350 each. If the payments are due at the end of each month and interest is 6% compounded monthly ow long will Anna have to make quarterly payments? What is the financed amount? What is the cost of loan? 6) A loan of $ 8,000 is paid off over 4 years with month end payments of $ 125. What is the nominal rate of interest on the loan compounded monthly A balance of $8,000 is to be created over 4 years with month end payments of $ 125. What is the nominal rate of interest on the loan compounded monthly? 7)