1. it is Alanzo's dream bike costs $3,185 but unfortunately he only has $1,288 in his account. If his bank gives 8% APR on his deposit, how long will he has to wait to have enough money to buy his dream bike? (Round the answer two decimal point)
2. Suppose you won $4,314 per year for the next 3 years on a game show. You decided not to wait that long to get your money so, you go to your bank to see whether you can cash it in right now. If your bank offers you a discount rate of 4% APR, how much would you get from your bank? (Work out the problem on separate sheet of paper before entering the answer.) (Round the answer two decimal point)
3. Suppose you won a law suit settlement of $2,644 per year for the next 6 years. If the going interest rate is 4% APR then how much is your settlement worth now? (Work out the problem on separate sheet of paper before entering the answer.) (Round the answer two decimal point)

Suppose you want to buy a vacant lot to build your home for $16,056. If your bank is willing to loan you the money at a 7% APR over the next 7 years how much would be your monthly payment? (Work out the problem on separate sheet of paper before entering the answer.)

5. Suppose you want $3,421 in your bank account in 3 years. If your bank offers you 6% APR interest, how much would you have to deposit now to reach your goal? (Round the answer two decimal point)