Give an example of at least three time value of money problems in paragraph form. Please solve problem and show answers of the questions.

1.Bob wants to buy a house worth 200,000 dollars..His loan is a 8 year loan that collects interest at 4%. What are the monthly payments? How much will interest be after 4 years.

2.John gives his cousin a loan of 2,000 dollars. John will collect 6% interest for three years. How much will his investment make him?

3.A company makes 100,000 in year one and made 500,000 in year four. What is their rate of sale.

P/Yr=

N=

I/Yr=

PV=

PMT=

FV=

I/Y=

Answer=