1. What typically happens to confirm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States?
2. You have a $7,000 credit card debt, and you plan to pay it off through monthly payments of $175. If you are being charged 15% interest per year, how long (to the nearest 0.5 years) will it take you to repay your debt?
3. Find the present value PV of the annuity necessary to fund the withdrawal given. HINT [See Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $2,500 per quarter for 15 years, if the annuity earns 6% per year