QUESTION $1$

You have accumulated $$1213\mathrm{.}38$ in credit card debt. Your interest rate is $14\mathrm{.}00\%$ per year and you will pay it off in $55$ months. what will be your monthly payment?

QUESTION $2$

You want to purchase a car that costs $$34358.$ You can afford $$4297$ as a down payment and will borrow the rest. The bank has offered you a rate of $4\mathrm{.}49\%$ on a $4-$year loan. What is your monthly payment?

QUESTION $3$

You will invest $$161$ per month. If the rate is $8\mathrm{.}90\%,$ how much will you have in $6$ years?

QUESTION $4$

You will invest $$200$ per year. If the rate is $7\mathrm{.}45\%,$ how much will you have in $12$ years?

QUESTION $5$

You would like to have $$39964$ in $19$ years.. If the rate is $7\mathrm{.}84\%,$ how much do you have to invest each year?

QUESTION $6$

You would like to have $$18108$ in $19$ years. If the rate is $7\mathrm{.}81\%,$ how much do you have to invest each month?

QUESTION $7$

Your grandfather has an annuity that is worth $$96618$ today. It will give him monthly payments for $24$ years. If the rate is $4\mathrm{.}71\%,$ what will be his monthly payment?

QUESTION $8$

Your mother has an annuity that will give her monthly payments for $9$ years. She tell you it is worth $$113846$ today. If her required return is $11\mathrm{.}67\%,$ what is the monthly payment?

QUESTION $9$

An investment will give you monthly payments of $$1275\mathrm{.}50$ for $6$ years. You will receive your first payment today. If your required return is $9\mathrm{.}6\%,$ what is it worth today?

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