5. If you wish to accumulate $25,000 in 10 years, how much must you deposit today in an account that pays a quoted annual interest rate of 5% with semi-annual compounding of interest?

6. What will $153,000 grow to be in 9 years if it is invested today in an account with a quoted annual interest rate of 12% with monthly compounding of interest?

7. How many years will it take for $197,000 to grow to $554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest?

8. At what quoted annual interest rate must $13,500 be invested so that it will grow to be $60,000 in 15 years if interest is compounded weekly?

9. You are offered an investment with a quoted annual interest rate of 12.5% with quarterly compounding of interest. What is your effective annual interest rate?

10. You are offered an annuity that will pay $20,000 per year for 10 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today?

11. If you deposit $6,000 per year for 25 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 10%, what will your account be worth at the end of 25 years?