• If Monica obtained a business loan of $215,000.00 at 4.29% compounded semi-annually, how much should she pay at the end of every 6 months to clear the loan in 30 years? Round to the nearest cent

• Cameron purchased a scooter by making a down payment of $200 and financing the balance with payments of $72 at the beginning of every 3 months for 2 years. Assume money is worth 3.27% compounded quarterly.

a.What was the cost of the scooter at the time of purchase? Round to the nearest cent

b.How much interest would she have to pay over the period of the loan? Round to the nearest cent

• An investor purchased a 96-day, Government of Canada T-bill that had a simple interest rate of 4.25% p.a. and face value of $25,000. Calculate the price he paid for the T-bill. Round to the nearest cent

• Emily invested $210,000 to purchase a home. After 14 years, she sold the home for $275,000. Calculate the effective interest rate earned on this investment. Round to two decimal places

• Cameron loaned $2,750 to Scott at a simple interest rate of 4.35% p.a. for 3 years and 5 months. Calculate the amount of interest charged at the end of the term. round to the nearest cent