Name: ___________________________________ Each question is worth 16.5 points 1. Susan borrowed some money from her father to pay for part of her college education and later paid $7,540 to the father, including a 7.5% interest rate. How much did she borrow from the father? 2. Johnson's rent of $1350 will be due at the end of the month and he must have this amount ready by the end of the month and decided to borrow it from the bank for15 months at a simple interest rate of 14% per year. What amount of loan should he apply for? 3. Robert invested $17,250 at a rate of 3 6 % 8 compounded every 4 months for 10 years and 3 months. What was the interest obtained from this investment? 4. If Diego invested some money continuously at a rate of 8.5% that grew to $35,450 in 5 years, what was the interest in this investment? 5. If at the end of each month, a deposit of $450 is made in an account that pays 7.5% compounded monthly, what will the final amount be after 8 years? 6. Maria needs $1200 in 4 years. How much should she deposit each month in an account that pays 9% in order to achieve this goal