1. The Kestair Co. had a loan of $4,500 due 1 year ago and has another loan of $3,000 due in 5 years 4 months' time.They have renegotiated the payment plan to include a payment of $5,000 today and an unknown amount 3 years from today.What is the size of the payment in 3 years' time if money is worth 5.1% compounded quarterly?
2. Barney received a loan for $30,000 to purchase a new vehicle and he was financed at 7.25% compounded quarterly. If he pays his loan in three and a half years, how much will he need to pay and how much interest will he be charged?

3.For any investment to double in value during a 63 month period, what monthly compounded rate of return must it earn? Round to 1 decimal place.