Answer questuoisCalculate how much you would have in a savings account $5$ years from now if you invest

$$1,000$ today, given that the interest paid is $8\%$ compounded:

a$.$ Annually

b$.$ Semiannually

c$.$ Quarterly

d$.$ Continuously

What is the present value of a perpetuity of $$80$ per year if the discount rate is $11\%$

If you need $$6,0005$ years from now, how much of a deposit must you make in your savings

account each year, assuming an $8\%$ annual interest rate?

You have applied for a home mortgage of $$75,000$ to finance the purchase of a new home

for $30$ years. The bank requires a $14\%$ interest rate. What will be the annual payment?

Set up an amortization schedule for a $$5,000$ loan to be repaid in equal installments at the

end of each of the next $3$ years. The interest rate is $15\%$

Suppose that a company borrows $$20,000$ for $1$ year at a stated rate of interest of $9\%.$ What

is the annual percentage rate $($APR$)$ if interest is paid to the lender

a$.$ Annually

b$.$ Semiannually

c$.$ Quarterly

You borrowed $$20,000,$ to be repaid in $12$ monthly installments of $$1,891\mathrm{.}20.$ What is the

annual interest rate?