Grand Opening Bank is offering a​ one-time investment opportunity for its new customers. A customer opening a new checking account can buy a special savings bond for ​$600 ​today, which the bank will compound at 8.5​% for the next ten years. The savings bond must be held for at least five​ years, but can then be cashed in at the end of any year starting with year five. What is the value of the bond at each​ cash-in date up through year​ ten? ​ (Use an Excel spreadsheet to solve this​ problem.)

Suppose I secure a simple interest note for $4500.  The length of the note is 102 months and the interest is 6.2%.  How much will I owe the bank when the note comes due?

A local bank advertises the following deal: "Pay us $100 at the end of each year for 11 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever." a. Calculate the present value of your payments to the bank if the interest rate is 5.25%. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Present value Present value b. What is the present value of a $100 perpetuity deferred for 11 years if the interest rate is 5.25%? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Is this a good deal? $ Yes No 819.84

Use the appropriate formula to find the future value (in $) of $900 deposited at the beginning of every six months, for 17 years if a bank pays 8% interest, compounded semiannually. (Round your answers to the nearest cent.)