1. John Tobn made deposits of $650 at the end of each year for 5 years. The rate is 8% compounded annually. What is the value of John's annuity at the end of 5 years?

1. Jim Stewart promised to pay his son $200 semiannually for 6 years. If Jim can invest his money at 8% in an ordinary annuity, how much must Jim invest today to be able to pay his son $200 semiannually for 6 years?

1. Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at 12%. As her financial advisor, could you calculate for Joyce the total cash value of the annuity at the end of year 5?

1. Jack Soothe invests $850 semiannually at 10% for 9 years at the beginning of each year. What will be the cash value of this annuity due at the end of the ninth year?

1. Moller Associates borrowed $50,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years. Assume a rate of 10% compounded semiannually. What is the amount to be paid into the fund each period?

1. Mark Ford deposits $11,800 into Role Bank, which pays 8% interest that is compounded quarterly. How much will Mark have in this account at the end of 4 years?

1. Roger Smith opened a new savings account. He deposited $35,000 at 6% compounded semiannually. At the start of the fourth year, Roger deposits an additional $40,000 that is also compounded semiannually at 6%. At the end of 6 years, what is the balance in Roger Smith's account?

1. Bill deposited $7,000 in Agree Bank at an interest rate of 8% compounded quarterly. What was the effective rate (APY)?

1. John Payer, owner of Payer's Garage, estimates he will need $55,000 for new equipment in 8 years. John decided he would put aside the money now so that in 8 years the $55,000 will be available. His bank offers him 8% interest compounded semiannually. How much will John invest today so his account will have $55,000 in 8 years?

1. Suzy Sullivan invests $6,000 in Rancho Bank where interest is compounded daily. The rate of interest is 8%. What will Suzy's interest grow to at the end of 5 years?