Joel borrows $60,000 at 7% interest per year for a 10-year period. He can make payments of $450 at the beginning of each month until the loan is closed. He plans on making a balloon payment at the end of the period. What is the expected size of the balloon payment?

Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Semiannual payments of $4,200 are made for 13 years to repay a loan at 7% compounded semiannually. (Type an integer or decimal rounded to four decimal places as needed.)

If you invest $150,000 at an interest rate of 10% compounded annually, what is your total balance after 2 years?

A series of equal quarterly payments of $2,000 for 10 years is equivalent to what future lump-sum amount at the end of 20 years at an interest rate of 6% compounded continuously?