Joe expects to receive $5,000 each year for the next ten years beginning one year from today. If he deposits each payment into an account earning 8 percent interest annually, what will the balance of the account be when the last payment is deposited? (Future Value of an Annuity) Joe hopes to accumulate $200,000 with ten annual deposits into a savings account earning 6 percent interest annually. What amount must Joe deposit each year to achieve his objective? (Sinking Fund Payment) Harold and Helen purchase a $180,000 house using a down payment of $15,000 and a fixed rate mortgage for $165,000. The annual interest rate or the loan is 10 percent and the term is 30 years. What monthly payment is necessary to amortize this loan