You have saved $7000 for a down payment on a new car. The monthly payment you can afford is $350. You will make payments for 48 months (starting 1 month from today). If the relevant interest rate is 0.50% per month (this is an Effective Monthly Rate), the price of the car you can afford (taking into account the down payment as well) is $_______________.

An investment offers $950 per year forever, with the first payment occuring today. If the interest rate is 3.50% (per year, with annual interest compounding), the value of the entire investment today is $_____________.

You will deposit $400 each year into an investment account that earns 5% interest (an APR, with interest compounded annually). Your first deposit will be exactly one year from today, and you'll make a total of 10 deposits. How much will be in your account 10 years from today?

You are taking out a car loan and will make payments of $450 each month (beginning one month from today), for a total of 60 monthly payments. If the interest rate on the loan is 1.50% (the effective monthly rate on this loan), how much are you borrowing to buy the car?

You will deposit $150 each of the next five years (the first deposit will occur one year from today, and there will be a total of 5 equal deposits) into an account that pays a 5.50% effective annual rate. Six years from today, you wish to have exactly $1000 in the account. You would need to deposit an additional $_______ into the account six years from today to meet that goal.