Question $1$: Two payment of $$8,500$ each must be paid two years and five years from now. If money canearn $7\%$ compounded quarterly, what single payment three years from now would be equivalent to thetwo scheduled payments?Answer:Question $2$: What will be the maturity value of $$8,000$ invested for four years at $7\mathrm{.}5\%$ compoundedsemi$-$annually?Answer:Question $3$: Christian invested $$30,000$ at $8\%$ compounded quarterly. After two years the rate changedto $9\%$ compounded monthly. What amount will Christian have five years after the initial investment?Answer:Question $4$: If an investment can earn $9\%$ compounded monthly, what amount must you invest now inorder to accumulate $$15,000$ after $6$ years?Answer:Question $5$: A $$20,000$ loan has to be repaid with four equal payments made three, six, nine and twelvemonths, respectively from the date of the loan. If interest on the loan is $7\mathrm{.}2\%$ compounded monthly,what is the amount of each payment?Answer:Question $6$: Mr$.$ Sandhu paid $$5,000$ for a $$10,000$ face value strip$-$bond having $5$ years left to maturity.What annually compounded rate of return will he earn on his investment?Answer:Question $7$: The maturity value of a three$-$year, $$30,000$ investment is $$48,000.$ Calculate the nominalrate of interest if paid if interest is compounded annually.Answer:Question $8$: In the past four years Canada's population grew by $0\mathrm{.}98\%,0\mathrm{.}70\%,0\mathrm{.}78\%,$ and $0\mathrm{.}85\%.$ If thistrend continues, how long will it take for Canada's population to grow from $40$ million to $60$ million?Answer:uestion $9$: A bank credit card quotes a rate of $1\mathrm{.}62\%$ per month on the unpaid balance. Calculate thefective rate of interest being charged.wer:tion $10$: Over the past eight years Jim's investment in a food company share has grown from$0$ to $$20,000.$ During the same period CPI increased from $120$ to $180.$ What was his realind annual rate of return on the stock during the period