1)Find the simple interest.Round to the nearest cent.

$210 at 10% for 13 months

(20 points)

2) Solve the problem.

A $8190 note is signed, for 160 days, at a discount rate of 13.5%. Assume 360 days in a year. Find the proceeds.

(25 points)

3) Find the compound amount for the deposit. Round to the nearest cent.

$1800 at 7% compounded quarterly for 4 years

(25 points)

4)Solve the problem.

A bank gives you two options to choose from for your investments:

Option A: 6% annual interest rate compounded yearly; and

Option B: 5.9% annual interest rate compounded quarterly.

Decide which is the better investment at the end of 2 years.

Show calculations before you select which is the better investment

( 30 points)