Time Value of Money Exercise: Question 1 Assume you deposit $1,000 every three months at an 8 percent annual rate, compounded quarterly. How much will you have at the end of 13 years? Question 2 ou borrow a five-year $20,000 loan with monthly payments of $450. What is the annual percentage rate (APR) on the loan? Question 3 How much would you have to invest today to receive $40,000 in 10 years at 8 percent per year? Question 4 Ms. Nelson will receive S15,000 a year for the next 20 years from her retirement fund. If an 8 percent interest rate is applied, what is the current value of her retirement fund? Question 5: Assume you deposit $2,500 every six months at 10 percent compounded semi-annually How much will you have at the end of 10 years? Question 6: If you need S30,000 for your son's education in10 years, how much must you deposit at the beginning of each year in the bank earning 5 percent in order to have the college money ready? Question 7: If you have $10,000 in a savings account earning 10 percent, how large an annuity can you draw out each year if you want nothing left at the end of 10 years? Question 8: You borrow $3,000 at a 10 percent annual rate to be repaid in 3 equal payments at the end of each of the next 3 years. How large is the total interest payment over the three years? Question 9 I invested $1,000,000 in a cattle ranch and I sold that ranch for $2,500, What was my annual percentage rate return? 000 ten years later . Question 10: How much can I borrow for the purchase of my first home if I can afford to monthly payments of s800, and the annual interest rate is 6 percent on a 30-year mortgage