1. Calculate the monthly payment for a home loan of $800,000 financed at 8.0% over 30...

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1. Calculate the monthly payment for a home loan of $800,000 financed at 8.0% over 30 years. 2. Calculate the monthly payment for a home loan in Detroit of $200,000 financed at 7% over 15 years. Note: the buyer will only finance 80% of the purchase price and make a down payment of 20%. 3. Calculate the future value of $25,000 invested for 10 years assuming an annual interest rate of 6%, compounded monthly. 4. Calculate the future value of $2,000 invested for 9 years assuming an annual interest rate of 9%. 5. Calculate the future value of an ordinary annuity of $1,000 paid monthly for 10 years, assuming an annual earnings rate of 10%. 6. Calculate the annual interest rate that a bank must pay on a Certificate of Deposit if a client deposited $5,000 and withdrew $50,000 in 25 years. Assuming the interest is compounded on a monthly basis. 7. Calculate the present value of $800,000 to be received in 20 years assuming an annual interest rate of 4%, compounded monthly. 8. Calculate the present value of $75,000 to be received in 18 years assuming an annual interest rate of 5%. 9. Calculate the present value of an annuity of $70,000 received annually that begins today and continues for 7 years, assuming a discount rate of 7%. 10. Calculate the present value of an annuity of $4,000 received quarterly that begins today and continues for 20 years, assuming a discount rate of 6%. 11. Calculate the present value of an ordinary annuity of $9,000 received annually for 5 years, assuming a discount rate of 8%. 12. Calculate the number of months it will take $75,000 to grow to $4,000,000 assuming an annual interest rate of 8%, compounded monthly. Present Value (PV) Payment (PMT) (FV) Future Value Annual Rate (1) Periods (N) Compounding (W/M/Qtr/ Annual) Mode (End/Begin) 1. Calculate the monthly payment for a home loan of $800,000 financed at 8.0% over 30 years. 2. Calculate the monthly payment for a home loan in Detroit of $200,000 financed at 7% over 15 years. Note: the buyer will only finance 80% of the purchase price and make a down payment of 20%. 3. Calculate the future value of $25,000 invested for 10 years assuming an annual interest rate of 6%, compounded monthly. 4. Calculate the future value of $2,000 invested for 9 years assuming an annual interest rate of 9%. 5. Calculate the future value of an ordinary annuity of $1,000 paid monthly for 10 years, assuming an annual earnings rate of 10%. 6. Calculate the annual interest rate that a bank must pay on a Certificate of Deposit if a client deposited $5,000 and withdrew $50,000 in 25 years. Assuming the interest is compounded on a monthly basis. 7. Calculate the present value of $800,000 to be received in 20 years assuming an annual interest rate of 4%, compounded monthly. 8. Calculate the present value of $75,000 to be received in 18 years assuming an annual interest rate of 5%. 9. Calculate the present value of an annuity of $70,000 received annually that begins today and continues for 7 years, assuming a discount rate of 7%. 10. Calculate the present value of an annuity of $4,000 received quarterly that begins today and continues for 20 years, assuming a discount rate of 6%. 11. Calculate the present value of an ordinary annuity of $9,000 received annually for 5 years, assuming a discount rate of 8%. 12. Calculate the number of months it will take $75,000 to grow to $4,000,000 assuming an annual interest rate of 8%, compounded monthly. Present Value (PV) Payment (PMT) (FV) Future Value Annual Rate (1) Periods (N) Compounding (W/M/Qtr/ Annual) Mode (End/Begin)