Below are 10 Questions that I need the answers checked to. I also need the way you check/solve them listed out either hand written or on the computer typed so I can "show my work". If there is an incorrect answer, please let me know.

1. In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The account is paying him 0.1 percent interest per month. In order to have $57,000 in five years, how much will he have to deposit into that account each month?

$750.46

2. Total Inc. recently purchased a new office building costing $15 million. The firm financed

this purchase at 6 percent APR with quarterly compounding. Quarterly payments starting from next quarter will be $400,000. How many years will it take the firm to pay off this debt?

13.88 Years

3. I can borrow from two different banks. One of them is charging me 6.75% APR compounded monthly and the other one charges me 6.65% APR compounded weekly. What is the effective annual rates for each one and which one should I choose?

6.96% =6.87% (Which one should I choose?)

4.What is the present value of the following cash flows if I can earn 10% per year: A payment of $10 million today, $11 million one year from today, $12 million two years from today, and then for two years no cash flow, and then -$5 million in the final year. $26,812,748.76

5. I have $5,000 and want to triple my money in 10 years. I am depositing money into my account every month. The bank pays me 1.2% APR with monthly compounding. How much should I deposit each month (starting from next month) into this account? $73.47

6. Michael wants to have $20,000 in an investment account seven years from now. The account will pay 0.4 percent interest per month. If Michael saves money every month, starting one month from now, how much will he have to save each month? $200.80

7. Intel recently purchased a new office building costing $200 million. The firm financed

this purchase at 8.25 percent interest with monthly payments of $1,839,789. How many years will it take the firm to pay off this debt? 16.73 Years

8. What is the effective annual rate of 5.25 percent compounded monthly? 5.38% @ 12 compounding periods

9.Global Enterprises has just signed a $3 million contract. The contract calls for a payment of $.5 million today, $.9 million one year from today, and $1.6 million two years from today. What is this contract really worth if Global Enterprises can earn 12 percent on its money? 2.58 Million OR $20,210,459.18? Not sure on this one, I need it solved.

10. I have $72,000 in my bank account today. The bank manager told me that I will have $100,000 money in five years if I keep the money in this account and dont touch it (meaning that I wont withdraw from it or dont add more into it). The account pays me daily interest. What is the APR for my account? 6.57%