a). In order to accumulate enough money for a down payment on a house, a couple deposits 710 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 6 years?

1b)Starting at age 50, a woman puts $1300 at the end of each quarter into a retirement account that pays 7% interest compounded quarterly. When she reaches age 60, she withdraws the entire amount and places it in a mutual fund account that pays 9% compounded monthly. From then on she deposits $300

in the same mutual fund at the end of each month. How much is in the account when she reaches age 65?

1c)Find the accumulated value of an IRA account into which $500 is invested at the end of each quarter at an interest rate of 2.4 compounded quarterly if you start the IRA at age 30

and retire at age 60.

1d) Ingrid wants to buy a $17,000 car in 8 years. How much money must she deposit at the end of each quarter in an account paying 5.2% compounded quarterly so that she will have enough to pay for her car?

2a)A man deposits 14,000 at the beginning of each year for 15 years in an account paying

8% compounded annually. He then puts the total amount on deposit in another account paying

9% compounded semiannually for another 7 years. Find the final amount on deposit after the entire 22-year period.

2b) Fritz Benjamin buys a car costing $15400 He agrees to make payments at the end of each monthly period for 8 years. He pays 6.0% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.

2c)A student borrows $43,100 at 6.0% compounded monthly. Find the monthly payment and total interest paid over a 25 year payment plan. The payment size is?

The total interest paid over the 25 years is?

3a) Large semitrailer trucks cost 75,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be amortized with 6 semiannual payments at 7% compounded semiannually. Complete an amortization schedule for the first four payments of the loan. Fill out the amortization schedule below.

3b) A loan of $7,727 at 15.25% interest compounded semi-annually is to be repaid in four years in equal semi-annual payments. Complete an amortization schedule for the loan. Adjust the final payment so the balance is zero. Fill out the amortization schedule below.