Select the subordinating conjunction:

What is the exception to the rule?  Keep i before e when the c sounds like _______.

What is the exception to the rule?   Keep e before i when the pairing sounds like _______.

Briefly explain discount loans and reserve requirements.

Consider an annuity. If the annual payment increases, what effect will this have on the present value of the annuity?

Knead to Know Pizza recently took out a $[pv],000 loan at an interest rate of [r]% that will require equal annual payments. The loan will last for [y] years. After the 4th payment, what is the outstanding balance on the loan?

Bank A offers monthly compounding, whereas Bank B offers quarterly compounding. Also, the APR at bank A is lower than at bank B. Which bank has a higher EAR?

When Lauren was born [y] years ago, her mom opened a savings account for Lauren. The account has an interest rate of [r]%. Today, the account is worth $[fv],000. Assume no new money was added to the account. How much did Lauren’s mom deposit in the account when it was opened?

Jake opened a certificate of deposit (CD) that pays interest quarterly with an APR of [r]%. If Jake deposited $[d],000 in the CD, how much will the CD be worth after [y] years?

Suppose Stillman’s finance department has an endowment worth $[v],000,000. Starting next year, the department will spend $[c],000 per year from the endowment. What return will the University need to earn on its endowment to ensure that the funds never run out? (Enter your response as a whole number plus two decimal places. i.e. 2.25, not 2.25% or 0.0225)