I need help answering the questions and also show the work.

Question 1:

Compute the approximate and exact time from:

a) July 17, 2016 to March 3, 2017.

b) February 1, 2016 to June 20, 2016.

c) January 5, 2017 to October 5, 2017.

Question 2:

A person borrowed $4000 on February 7, 2016. Determine how much will be needed to settle the loan on August 13, 2017, given the interest rate of 5%, using:

a) exact time and ordinary interest.

b) exact time and exact interest.

c) approximate time and ordinary interest.

d) approximate time and exact interest.

Question 3:

A loan of $1200 was obtained on April 15th at 18% interest. An amount of $1300.80 was needed to settle the debt. On what date was the loan settled? Use the Banker's Rule.

Question 4:

$4000 is invested at 8%. Equal payments will be received one year and three years from now. Determine the size of the payments if the focal date is:

a) now.

b) one year hence.

c) three years hence,

Question 5:

Deposits of $250 are made at the end of each quarter into an account that earns 9%. Determine the amount in the account after one year if the focal date is one year hence.

Question 6:

Deposits of $500 each were made after six, twelve, and eighteen months at 10%. Determine the amount invested after two years using: a. the Merchant's Rule.b. the U.S. Rule.

Question 7:

An amount of $2400 was borrowed at 12% on March 1, 2016. Payments of $800 were made on May 1st, August 1st, and October 1st. Determine the amount needed to repay the loan on December 1st using:

a. the Merchant's Rule.

b. the U.S. Rule.

Question 8:

A person obtains a loan to be settled with payments of $300 four months from now and $500 one year from now. If he is charged a interest rate of 10% what is the size of the loan if the focal date is:

a) now? ( $744.87 )

b) one year hence? ( $745.45 )

c) four months hence? ($743.95 )