1. A principal of $4500 is invested at 6% p.a. compounded quarterly for four years.What is the maturity value?
2. What principal will amount to $9200 six years from today if interest is 5.3% p.a. compounded weekly?
3. Find the proceeds of a 4-year promissory note for $6950 with interest at 7% p.a. compounded quarterly if it is discounted two and a half years before maturity at 5% p.a. compounded semi-annually.
4. Debt payments of $450 due today, $350 due in one year, and $500 due in three years are to be replaced by a single payment due two years from today at 4% p.a. compounded monthly. What is the value of that single payment?
5. Emily's originally scheduled loan payments of $3250 due in 6 months and $2500 due in 9 months have been replaced by a payment of $4600 due in one year, and a second payment for the balance due in two years.Determine the value of the second payment if interest is 8% p.a. compounded semi-annually, and the focal date is when the final payment is due.