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Select an answer Future Value -Simple Interest Future Value - Compound Interest Future Value - Continuously Compounded Future Value - Ordinary Annuity Future Value - Annuity Due Present Value - Ordinary Annuity Present Value - Annuity Due For each of the following determine what type of problem it is. Remember: - multiple payments are annuities (one large deposit is not) - BIG money at the end (future value) - BIG money at the beginning (present value) - ordinary annuity - payments made at the end of each period - annuity due - payments made at the beginning of each period 1. Latisha wishes to have $500,000 in a pension fund 20 years from now. How much should she deposit at the end each month in an account paying 9% compounded monthly? 2. Xiaoxiao invests $4,000 at 6% compounded daily. What will the account be worth in 5 years? 3. Joaquin has $20,000 in student loans at 4% interest. The repayment plan is to make equal payments at the beginning of each month for 10 years. How much is each monthly payment? x 4. At the beginning of each month, Miranda deposits $250 in an account that pays 9%. How much will she have in 5 years? 5. How much does Felipe need to deposit now in a savings account that earns 3.5% interest compounded continuously to have $1000 three years from now? 6. The Martinez family borrowed $250,000 to buy a house. They have a 30 -year loan at 6% interest. To pay off the loan plus interest, they make equal monthly payments at the end of each month for 30 years. How much is each payment