Ten annual deposits of $1,125 each are placed in a savings account yielding 5% interest. Approximately how much money has accumulated in the account immediately following the tenth deposit?

Question 4 options:

	$11,250
	$11,813
	$14,150
	$14,343

Question 5

You receive a car loan of $22,000 and must pay off the loan in 60 monthly installments. If your interest rate is 18% compounded monthly, what are your approximate monthly payments on this loan?

Question 5 options:

	$367
	$559
	$586
	$7,035

Question 6

An engineer deposits $500 semiannually in his savings account for 5 years at 8% interest compounded semiannually. Then, for 6 years he makes no deposits or withdrawals. The amount in the account after 11 years is about

Question 6 options:

	$9,310
	$9,611
	$9,860
	$9,900