Question 1: What is the ending balance from an initial deposit of $5,000 at 14% compounded monthly for 4 years?
Question 2: Find the amount of interest earned on a deposit of $1,609.25 at 13% compounded monthly for 90 months.
Question 3: Find the present value of $10,425 in 39 months at 13.75% compounded monthly.
Question 4: Find the value of an annuity where $275 is deposited at the end of each quarter for 3 years and the interest rate is 9.5% compounded quarterly.
Question 5: Determine the amount of each payment to be made to a sinking fund with 10 annual payments compounded at 14% annually, in order that enough money will be available to pay off a loan of $5,000.
Question 6: Find the present value of an ordinary annuity with monthly payments of $274.14 for 48 months at 12% compounded monthly.