1. Suppose you inves $5000 and would like to your investment to grow to $10,000 in 8 years. What interest rate compounded weekly, would you have to earn in order for this to happen?

2. George brought a house in 1980 for $67,000 and sold it in 2002 . If the 1980 CPI is 96.5 and the 2002 CPI is 177.7, how much would the house be worth in 2002 dollars?

3. A 5.8% discounted loan is repaid in monthly installments over two years. The amount borrowed was $1,200. How much is the monthly payment?

4. Sam takes out a conventional loan to purchase a car. The interest rate is 4.8% compounded quarterly and Sam has 4 years to repay the $8000he borrowed. What are Sam's quarterly payments?

5. If I invest $20 each month into an annuity earning 9.2% each month. How much would I have at the end of 15 years?

Subject | Mathematics |

Due By (Pacific Time) | 06/04/2013 12:00 pm |

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