1.Find PV of Perpetuity where PMT = $7000, Rates = 5%.

2.Find FV of $700 ordinary Annuity payment over 7 years @ 5% interest.

3.Looking to buy a car for $15,000 with 2% down payment. Dealer offers you a four years loan @ 6% APR. Find the monthly payment.

4.$2000 dollars now, grow to $25,000 in ten years. What APR are you getting?

5.Loan offered @ 6% APR with Quarterly compounding. Find the APY (Effective Rate).

6.You plan on buying a house for $550,000 with 20% down payment. The loan will be 30 years at 4.125% fixed interest rate. Build an amortization schedule.

Compute the payment and the end balance on the 35^th Period.