Please show your work.

1. A time share condominium in Florida can be purchased for $10,000 down and $2,000 every three months for 9 years. If the payments are based on 8% converted quarterly, find the total cash price of the home.

2.On March 1, 2011 a man deposits $1600, he continues to deposit $1600 a month until October 1, 2021. If he is able to get 6% compounded monthly on his annuity, what will be the amount in his account on October 1, 2021?

3. A family wants to save money for a down payment on a summer cottage. If they can invest money at 5% compounded semiannually, how much must they invest each semiannual period, beginning in 6 months, to accumulate $15,000 in 8 years?

4. Your credit card debt is $1300 and your rate is 19.99% compounded monthly, you would like to pay this debt off in two years (of course making no new additions to the account). What would be the size of your monthly payment to pay this debt off in two years?

Discuss two ways you can reduce you finance charges on a credit card debt. Give specific information and use examples.

5. How long will it take quarterly deposits of $100 to accumulate to at least $6500 at 7% compounded quarterly? Round answer to the nearest period.