Jane borrowed $$5,000$ at $4\%$ per year from a relative and promised to pay back as follows:

$$2,500$ at end of year $3$

Final payment at year $6$

What is the final payment?

You want to have $$3,000$ in your account $5$ years from now. How much money you need to put into account now? Account pays an interest of $2\mathrm{.}5\%$ annuall

Same problem as above, except you make payments every year, What is the annual payment amount?

A used car lot has the following deal on a $$19,000$ car. $$0$ down and $$385$ monthly payments for $60$ months. What is the monthly rate they charge?

Baby's Joe's grandparents decided to start depositing $$\frac{2000}{?}$ year in his $3^{rd}$ birthday and plan to continue doing so until his ${20}^{th}$ How much money will be in the account on his ${20}^{th}$ birthday, assuming it makes $4\%$ per year interest annually.

An individual is borrowing $$275,000$ for a $20$ year loan at $3\mathrm{.}95\%$ per year compounded monthly. Compute the monthly payment.

Continue on Q $7$: Immediately after the ${109}^{th}$ monthly payment, the home owner plans to sell the house. How much money is owed back to the bank?