Question: You can solve the questions on this exam using TVM solver or by formula. 1. Find the future value of $200 deposits made at the

 You can solve the questions on this exam using TVM solver

You can solve the questions on this exam using TVM solver or by formula. 1. Find the future value of $200 deposits made at the end of every quarter for six years if interest is 5% compounded quarterly. (4 marks) 2. If Melanie made payments of $258.45 at the beginning of each month for five years, how much was her car loan originally for? Interest is 4.3% compounded monthly. ( 4 marks) 3. If Shalane borrows $27,000 at 6.9% compounded quarterly, how much will her payments be each month if she wishes to pay off her loan in 8 years? ( 4 marks)

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