Lorna Ray, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower shop online. Lee plans to repay Lorna at the end of 5 years with 4% interest compounded semiannually. How much will Lorna receive at the end of 5 years? (Round your answer to the nearest cent.)

Megan takes out a car loan for $13,000. She intends to make monthly payments for 5 years to pay off her loan. If the bank charges her an annual interest rate of 4.2% computed monthly on the loan balance, how much will her monthly payments be?

Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years and wishes to withdraw $12,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years into a retirement account earning interest at the rate of 2%/year compounded monthly to meet her retirement goal? (Round your answer to the nearest cent.)

Today, Julie borrowed $5000 to purchase furniture for her new house. She can repay the loan in either of the two ways described below. (a) Five equal annual installments with interest determined at 5% per year. (b) One payment 3 years from now with interest determined at 7% per year.   Show how to solve for each option, and please show how you solved it mathematically

To help buy her new house, Donna is taking out a $271,000 mortgage loan for 30 years at 4.1% annual interest. Her monthly payment for this loan is $1309.47. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is in of a year. Round your answers to the nearest cent.

Lastly, Hector wants to invest in a certificate of deposit (CD) to purchase a boat that costs $28,500 when he retires.  Leaf Investments offers a CD with 13% compounded semiannually.  How much would Hector have to put in the CD today to gain $28,500 in 30 years?

A grandfather agrees to start contributing $2,500.00 to an educational savings account starting with the 8th birthday of his granddaughter.  His last payment is on her 18th birthday at which point she starts a 4 year college program.  How much can she afford drawing from this account at the end of each study year until she graduates?  The account makes 5.5% per year.

Jenelle bought a home for $370,000, paying 18% as a down payment, and financing the rest at 4.6% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $   What was the original amount financed? $   What is her monthly payment? $   If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $

please help asap

Joe secured a loan of $10, 000 five years ago from a bank for use toward his college expenses. The bank charges interest at the rate of 5%/year compounded monthly on his loan. Now that he has graduated from college, Joe wishes to repay the loan by amortizing it through monthly payments over 13 years at the same interest rate. Find the size of the monthly payments he will be required to make. (Round your answer to the nearest cent.) $