1. (5 points) How many years will it take for $100,000 to turn into $200,000? Assume a 2 percent APR (with annual compounding) interest rate. Show your work. 2. (5 points) Your financial advisor promises to triple your money in 6 years. What interest rate (APR) (assuming annual compounding) are they promising you? Show your work. 3. (10 points) What is the present value of an ordinary annuity that pays 800 dollars a month for 10 years? Assume interest rates are 10 percent with monthly compounding. Show your work. 4. (10 points)What is the present value of an ordinary annuity that pays 88 dollars a week for 3 years? Assume that interest rates are 20 percent APR but compounded weekly. Show your work 5. (15 points) You just bought a house for $300,000. You put $100,000 as a down payment and borrow the remaining $200,000 from a bank. You take out a 30-year mortgage that charges you 6 percent APR but with monthly compounding A. (15 points) How much is your monthly mortgage payment? Show your work. B. (5 points) How much of your second mortgage payment goes towards interest? Show your work