1. A business needs 1,550,000 in eight years. How much should be deposited each quarter in a sinking fund that earns 9 3/4% compounded quarterly to have this amount in eight years?
2. Tanya deposits 1,500 at the end of each quarter in her savings account. If the account earns 6.75% compounded quarterly, how much money will she have in 5 years?
3. A loan of 20,000 will be paid semiannually for 4 years. What is the amount of each payment if interest rate is 16% converted semiannually?
4. In purchasing an automatic washing machine worth 30,000, Lilian pays 8,000 cash and agreed to make 12 equal payments at the end of each month. If interest is charged at 12% converted monthly, what is the monthly payment?
5. Assel is scounting a DLSR camera to cover her parents' silver wedding anniversary. She found one at 35,950, paid 5,000 cash and the remaining will be paid in 12 months at 3 1/4% interest compounded monthly. How much the monthly payment?
6. Mr. Sin borrowed 1,000,000 for the expansion of his business. How much will be the yearly payment if the interest rate is 7% compounded annually for 5 years?
7. A business needs 1,550,000 in eight years. How much should be deposited each quarter in a sinking fund that earns 9 3/4% compounded quarterly to have this amount in eight years?
8. Ruby bakeshop obtains a loan of 500,000, with interest at 8% compounded quarterly, for the construction of a new branch in Angeles city. The owner will repay the loan by payments made quarterly for 2 1/2 years. Create a amortization schedule to answer the following questions:

A.How much is the interest paid in the 5^thpayments?

B.How much is the totalinterest?

C.How much is the present outstanding balance on the 7^thpayment period?

D.How much principal repayment paid in the 9^thpayment period?

E.Find the quarterly payment.

9.A business needs 1,550,000 in eight years. How much should be deposited each quarter in a sinking fund that earns 9 3/4% compounded quarterly to have this amount in eight years?

Using the problem presented above, construct a sinking fund schedule to answer what is being asked below.

A.How much interest did he received after a year of depositing?

B.How much total interest he received after 8 years?

C.How much funding at the end of 2 1/2 years of depositing?