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Question 1 You have decided to place $410 in equal deposits every month at the beginning of the month into a savings account earning 13.25

Question 1 You have decided to place $410 in equal deposits every month at the beginning of the month into a savings account earning 13.25 percent per year, compounded monthly for the next 10 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Question 2 What is the present value of the following annuity? $2,366 every half year at the beginning of the period for the next 3 years, discounted back to the present at 16.75 percent per year, compounded semiannually. Round the answer to two decimal places. Question 3 You plan to buy a house in 13 years. You want to save money for a down payment on the new house. You are able to place $476 every month at the end of the month into a savings account at an annual rate of 13.29 percent, compounded monthly. How much money will be in the account after you made the last payment? Round the answer to two decimal places. Question 4 You are going to save money for your sons education. You have decided to place $1,179 every half year at the end of the period into a saving account earning 11.14 percent per year, compounded semi-annually for the next 13 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Question 5 A car dealership offers you no money down on a new car. You may pay for the car for 4 years by equal monthly end-of-the-month payments of $415 each, with the first payment to be made one month from today. If the discount annual rate is 14.18 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal places. Question 6 What is the present value of the following annuity? $695 every quarter year at the end of the quarter for the next 9 years, discounted back to the present at 15.41 percent per year, compounded quarterly? Round the answer to two decimal places.

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