PLEASE HELP ME SOLVE THESE LOAN PROBLEMS

4. A company currently owes $20,000 to a bank for a loan it took 6 years and 3 months ago. The interest rate charged on the loan was 2.75% compounded monthly.

a. What was the original principal of the loan?

$_____

Round to the nearest cent

b. What was the amount of interest charged on the loan?

$_____

Round to the nearest cent

5. The maturity value of a savings account that belonged to Peach Company was $42,763.50. The interest charged for the first 2 years was 5% compounded semi-annually, and 5% compounded quarterly for the next 5 years.

a. Calculate the amount that was deposited in the savings account at the beginning of the period.

$____

Round to the nearest cent

b. Calculate the total amount of interest earned from this investment.

$_____

Round to the nearest cent

6. If you want to have $8,250.00 in 2 years and 3 months, how much should you deposit today in an investment fund that is earning interest at a rate of 3.98% compounded quarterly?

$_____

Round to the nearest cent

7. Sarah received a loan of $51,000, 4 years ago. The interest rate charged on the loan was 4.92% compounded quarterly for the first 9 months, 5.58% compounded semi-annually for the next 2 years, and 5.67% compounded monthly thereafter.

a. Calculate the accumulated value of the loan at the end of the first 9 months.

$____

Round to the nearest cent

b. Calculate the accumulated value of the loan at the end of the next 2 year period.

$_____

Round to the nearest cent

c. Calculate the accumulated value of the loan today.

$____

Round to the nearest cent

d. Calculate the amount of interest charged on this loan over the past 4 years.

$_____

Round to the nearest cent