How much will you have saved after 6 years by contributing $1,200 at the end of each year if you expect to earn 11% on the investment?

2.you have a job where you make $10 per hour

after you work 40 hours you get payed time and one half

you may only work a max of 60 hours

write piecewise function that represents your pay for up to 60 hours

3.You have a Treasury Bond that pays $100 one year from today and $1100 two years from today. What should the price of your bond be?

4.On November 1, 2019, Mike opened an account and deposited $20,000. He invested this money in 1,000 shares in Crazy Growth mutual fund at $20/share. As of today, March 23, 2020, Mike's only investment grew to $37.00/share! Despite the great returns, and even with the fund being a back-end loaded fund, Mike believes that holding all his money in this one risky mutual fund is not worth the sleepless nights. He has therefore decided to sell half of his holdings. Calculate the amount that he will receive from the sale by selling half today.

5.How much should a father invest at the time his daughter is born in order to provide her with $50,000 at age 21? Assume that the interest is 8% compounded semiannually

6.Kingston Development Corp. purchased a piece of property for $2.79 million. The firm paid a down payment of 15 percent in cash and financed the balance. The loan terms require monthly payments for 30 years at an annual percentage rate of 7.75 percent, compounded monthly. What is the amount of each mortgage payment?

7.$67,253 USD with 2% interest every month from June 1998 to March 2020, how much do you have today?

8.A perpetuity pays $2X one year from today. The payments increase by 5% per year thereafter. The effective annual interest rate on this perpetuity is 6%. The present value is $32,400. A second perpetuity pays $Y one year from now, and the annual payment increases by $X per year thereafter. The effective annual interest rate on this perpetuity is i and the present value $24000. A third perpetuity pays $Y per year, with the first payment one year from now. The effective annual interest rate on this perpetuity is i and the present value is $4000. To the nearest $10, what is $Y?

9.You need $75,000 in today's dollars for a purchase in 3 years. You expect that your savings will earn 7% compounded annually, and inflation will be 4%. You will make 3 equal annual deposits starting at the end of the year. What is the amount of your first payment? How much will you have at the end of the 3 years?

10.If you deposit $5,339 into a fund (today) that earns 6% interest compounded monthly, what minimum payment can you withdraw at the end of each month for 5 years so that the account has a $0 balance.