Question: Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,300, $1,500,

Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,300, $1,500, $1,500, and $1,800, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

What annual interest rate would you need to earn if you wanted a $600 per month contribution to grow to $53,000 in six years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

To borrow $600, you are offered an add-on interest loan at 9 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments.

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