Alexa and Erik plan to send their son to university. To pay for this they will contribute 9 equal yearly payments to an account bearing interest at the APR of 2.3%, compounded annually. Five years after their last contribution, they will begin the first of five, yearly, withdrawals of $36,800 to pay the university's bills. How large must their yearly contributions be?

Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the loan.

Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly atthe end of 5 years. How much did she start with approximately?

Karen borrowed $2000. How much will she pay back in 1 year if she is charged 2% a year, compounded semi-annually?

Mai has contributed $175 at the end of each month into her company's employee retirement account for the past 10 years. Her employer has matched her contribution each month. If the account has earned interest at the rate of 3%/year compounded monthly over the 10-year period, determine how much Mai now has in her retirement account. (Round nearest cent.)$  Peggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the purchase price, she has secured a loan from her bank at 5%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $71.32 at the end of each month for 36 months. What was the purchase price of the furniture? (Round nearest cent.)$  The Turners have purchased a house for $140,000. They made an initial down payment of $20,000 and secured a mortgage with interest charged at the rate of 2.5%/year on the unpaid balance. (Interest computations are made at the end of each month.) Assume that the…