Answer the following questions about interest in this 4 part problem:

1. Heritage Associates LLC offers a 10-year investment into a shopping mall with projected annual returns of 5.5%. If Francois invests $20,000 into this investment and the current rate of inflation is 2.4%, what is the real rate of return (as a percent)? Round to the nearest hundredth of a percent.

2. A bond with a $8,000 par value has a 5.7% coupon and a 7-year maturity date. Calculate the total of the interest payments paid to the bondholder for the 7-year period.

3. Seth Jefferson invests $10,000 into a mutual fund for which the transaction fee is 6.95%. If the net asset value per share of the fund is $43.07, how many shares can Seth purchase? (Round your answer to the nearest thousandth.)

4. An investment of $2,300 is made for 8 months at an annual simple interest rate of 2.25%. What is the future value of the investment (in dollars)?