Module #5 Hand- In Assignment 1. You deposit $10,000 at J4 = 12% for 54 months how much money will you have? You would like to save $20,000 so you can take a year off in 42 months. How much should you deposit today if money earns 4% compounded semi-annually? You have just sold a piece of commercial real estate for $50,000. The purchaser would like to pay for the land by,making two equal payments, one now and one in one year. Find the size of these payments if your real estate firm requires customers to pay a rate of 6% compounded semiannually. You borrowed $3,000 from your line of credit 8 months ago and a further $5,000 three months ago. You arrange with the bank to pay off the line of credit with 2 payments. The first payment, 6 months from today, will be twice as large as the second payment made one year from today. The bank charges you 9% interest, compounded monthly. Use 6 months as the focal date. (a) Find the size of each payment. interest did you pay? 4. (b) How much 5. You would like to save $5000 for a vacation in three years time. You can deposit $2000 today and will make another deposit in 18 months. Find the size of the deposit if your vacation fund earns 6% compounded quarterly, 2. 3.