1. An investor needs to collect $2,000 in 18 months. If she can earn 6% at the bank, compounded quarterly, how much must she deposit today?
2. Assuming that a $45,000 shop loan is financed at 12% over 4 years, what is the monthly shop payment?
3. Jane invests $2,000 each year, starting one year from now, in a retirement account. If the investments earn 8% or 10% annually over 30 years, the amount Jane will accumulate is closest to what amount for 8 % and 10% respectively.