Q25. What is the future value (maturity value) of $15,000, 5%, 4-years note under (a) Simple Interest Method, and (b) Compound Interest Method (annually)? Provide your answer in the space provided in the below.

Q26. Gina's VISA balance is $875.21. She may pay it off in 10 equal end-of-month payments of $100 each. What interest rate is Gina paying?

Q27. What is the amount deposit that Bob must make at the beginning of each year for 10 years in order to accumulate a fund of $120,000 by the end of the tenth year, if the fund earns 6% interest, compounded annually?

Q28. How much Diane has to set aside at the end of every year for the next 6 years in order to pay a debt of $34,000 after 6 years. Diane can earn 6% per year compounded annually.

Q29. If you are a banker, which interest method would you want to apply for granting a loan? Choose one.

A) Simple Interest Method B) Compound Interest Method

Q30. Lisas salary as of Jan. 2, 2015 is $28,000. Her retirement will be starting on Jan. 1, 2020. She is expecting a year-end salary increase of 4% per year effective the Jan. 1^st of each of the working year until the start of her retirement. When she retires, her annual retirement benefit is going to be 65% of her last salary.

Compute (a) her last salary before retirement; and (b) her annual retirement salary and place your answer in the space provided.