700X4 Time Value of Money Exercise: pole 100 Question 1 ne you deposit $ 700 every three months at a 6 percent annual rate, compounded quarterly. How much will you have at the end of 20 years! 204 TV 13,000 YT: 350 Question 2: Tou borrow a five-year $13.000 loan with monthly payments of $250. What is the annual percentage rate (APR) on the loan? w=5yrs 1000 Question 3: How much would you have to invest today to receive $50,000 in 10 years at per year? per Question 4: Ms. Nelson will receive $12,000 a year for the next 20 years from her retirement fund. If a 6 percent interest rate is applied, what is the current value of her retirement fund? Question 5: Assume you deposit $2.000 every six months at 10 percent compounded semi-annually. How much will you have at the end of 10 years? Question 6: If you need $40,000 for your son's education in 10 years, how much must you deposit at the beginning of each year in the bank earning 6 percent in order to have the college money ready? Question 7: If you have $30,000 in a savings account earning 10 percent, how large an annuity can you draw out each year if you want nothing left at the end of 8 years? Question 8: Van horrow $6.000 at a 10 percent annual rate to be repaid in 3 equal payments at the end fench of the next 3 years. How large is the total interest payment over the three years Question 9: T ested $600,000 in a cattle ranch and I sola that ranch for $1.800,000 ten What was my annual percentage rate return? Question 10: How much can I borrow for the purchase monthly payments of $1,000, and mortgage? I borrow for the purchase of my first home if I can afford to make ents of $1.000, and the annual interest rate is 4.8 percent on a 30-year