\#2. If you invest $1,000 per month at the beginning of each month for the next five years earning 5.5% (annual interest rate), how much would you accumulate at the end of five years? \#3. Assume that you buy a house costing $275,000. You borrow $275,000 at an annul interest rate of 12.5% over 25 years. The payments are made monthly. During the 13th year of your loan, how much in interest would you have paid? \#4. You owe $8,200 on a car loan. You have 18 months to pay off this loan. Payments are $506 per month. What is the APR on this loan