5.) Suppose Third First Bank is offering a CD that will pay you $10,000 in 3 years if you deposit $7,938.32 today. What is the expected rate of return?

Annuities:

6.) Who wants to be a millionaire? How much would you have to put away at the end of each year to have $1,000,000 assuming you retire in 45 years and can earn 7% on your money.

7.) What if you made your deposit at the beginning of the year?

8.) How much money do you need to have in the bank to pay for a 4 year college degree if tuition is $12,000 per year and your bank gives you 4% interest.

9.) What is the effective annual rate on a 18% APR loan if interest is compounded monthly?

Stumper:

10.) How much do you need to save each month for 30 years in order to retire on 145,000 a year for 20 years assuming an interest rate of 10%.