How much money would you have at the end of 10 years if you made deposits of $4,000 at the end of every three months into an investment that accumulated at 9% compounded quarterly? 

If you want to purchase an annuity providing an income of $2,000 at the end of each month for five years, how much will it cost if the purchase funds earn 18% compounded monthly? 

PROBLEM 2 ( Total 10 marks) Part A- ( 5 marks) An invoice states that interest will be charged on overdue accounts at the rate of 1½% per month. What will be the interest charges on a $3,760 billing that is 3 months overdue?     Part B- (5 marks) A two-payment stream consisting of $1,750 due today and $2,900 due in 18 months is to be replaced by an economically equivalent stream comprised of an undetermined payment due in 9 months and a payment of $3,000 due in 19 months. Calculate the unknown replacement payment if money is worth 4.2% compounded monthly.         

The net price of a computer that is subject to a trade discount of 25% is $1,251. What is the list price? 

Sara quit smoking and saves $80 per month previously spent on cigarettes. She invests the money at 5% compounded monthly. How much will she have in 10 years? 

Betty borrowed $50 from Chuckie for 2 years at 9% compounded monthly. How much did she owe at the end of the two years?

How much must be placed in a two-month term deposit earning 4.8% in order to earn $275 interest? 

What principal will grow to $12,031.25 at 7.5% interest in 15 months? 

The net price of an item is $327. The list price is $855. To the nearest 0.1%, what is the rate of trade discount? 

An invoice for $20,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17th. A payment of $10,000 is made on March 26. To the nearest dollar, how much is credited to the account?