1.You will invest $200 per year. You will make your first deposit today. If the rate is 7.14%, how much will you have in 7 years?

2.You have a car loan. If you pay $430.91 per month, you will pay it off after making 59 payments. If you pay $40 more each month, you will pay it off 7 months sooner. How much total interest will you save?

3.An investment will give you monthly payments of $388.40 for 7 years. You will receive your first payment today. If your required return is 9.6%, what is it worth today?

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