Certain operating savings are expected to be 0 at the end of the first six months, to be $1,000 at the end of the second six months, and to increase by $1,000 at the end of each six-month period thereafter for a total of four years. The cash-flow diagram is shown below. 1 -10% per 6 months 0 1 HUUUUU 2 3 4 5 6 7 Six-Month Periods 8 0 7 8 1 2 3 4 5 6 Six-Month Periods Find the equivalent uniform amount A at the end of each of the eight six-month periods if the nominal interest rate is 20% compounded semiannually is A. B. C. D. E. $ 3704 $ 3184 $ 4004 $ 3004 None of the above 5. A S250,000 home mortgage loan with a 20-year term at 9% APR is compounded monthly. The total payments (on principal and interest) over first 5 years of ownership is, A. B. c. D. E. $ 68,125 $ 134,960 $ 62,500 $ 125,670 None of the above 6. What is the remaining balance of the loan in problem 6, after 5 years is A. B. C. D. E. $ 168,120 $ 134,960 $ 200,562 $ 221,767 None of the above 7. What is the present value of a stream of monthly payments of $500 each over 10 years, if the interest rate is 10% per annum, compounded daily (assume 30 days in a month)? A. B. C. D. E. P=S 141,501 P = $ 37,772 P = $ 35,032 P = $ 102,655 None of the above