Question: 1. Robin invests $5,000 at 12% interest compound annually. How much will he have after 5 years? 2. Sara wants to have $300,000, 15 years

1. Robin invests $5,000 at 12% interest compound annually. How much will he have after 5 years? 2. Sara wants to have $300,000, 15 years from now. How much should she invest now if she supposes to receive an interest rate of 18% per year? 3. You lend $10,000 to Mr. White Young who agrees to pay you installment every month for 10 months. If interest rate is 12% compounded monthly, how much should he pay per month? 4. If you save $2,500 at the end of each year for 4 years at 8% interest compounded annually, how much would you have at the end of the entire period? 5. If you plan to withdraw $10,000 at the end of each year for 5 years discounted at 16% compounded annually, how much do you need to have in your savings account now? 6. How much is your each monthly deposit in a savings account for 5 years at an annual interest rate of 24% compounded monthly in order to accumulate $1,000,000? 7. If a present value is $2,000,000 and payment for this loan is $72,265.82 monthly for 5 years, what is an (annual) interest rate for this loan? 8. Find a present value of an eight-year annuity loan of $5,000 if the first payment is to be received in the third year discounted at 7.25% per annum. 9. ABAC Company promises an annual return of $25,000 for 7 years for an initial investment of $150,000. What is the yield on this investment? 10. You plans to deposit $400 at the end of each year for 2 years, $200 at the end of next year, $300 at the end of each year for the next 3 years, and $100 at the end of each year for the last 2 years. How much will you have over the entire period if your savings account awards 4% per year?

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