I need the solution for these questions:

1-You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .4 percent per year, compounded monthly for the first six months, increasing thereafter to 16.4 percent compounded monthly. Assume you transfer the $5,400 balance from your existing credit card and make no subsequent payments.

How much interest will you owe at the end of the first year?

Interest $:

2-

Suppose an investment offers to triple your money in 36 months (dont believe it). What rate of return per quarter are you being offered?

Rate of return

%

3-

Youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $73,000 per year for the next two years, or you can have $62,000 per year for the next two years, along with a $18,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month.

If the interest rate is 10 percent compounded monthly, what isthe PV for both the options?

	PV
Option 1	$
Option 2	$

4-

Youre prepared to make monthly payments of $280, beginning at the end of this month, into an account that pays 6.9 percent interest compounded monthly.

How many payments will you have made when your account balance reaches $19,000?

Number of payments