Sove the problem.  Ted owes $2000 to Mary. The loan is payable in 1 year at 10%. Mary needs cash, so 2 months before the loan is payable she goes to her bank which will pay her the maturity value of the note less at 14% discount fee. Find the amount Mary will receive.

Davida purchased a simple ordinary annuity that earns 2.4% annual interest. She will receive monthly payments of $250 over 10 years. What is the present value of her annuity   Jordan purchased a simple ordinary annuity that earns 4% interest. He will receive semiannual payments of $600 over 77 years. What is the present value of his annuity?   Teresa wants to calculate the present value of a simple annuity due that she purchased. The annuity earns 1% interest compounded weekly. How many compounding periods are in each year?     Adrian purchased a simple annuity due that earns 3.6% annual interest. He will receive $300$300 monthly payments over 12 years. What is the present value of his annuity?   Gisela purchased a simple annuity due that earns 2% annual interest. She will receive $2,500 semiannual payments over 1010 years. What is the present value of the annuity?

You want to save $20,000 for a down payment on a home by making regular monthly deposits over five years. Take the APR to be 4%. How much money do you need to deposit each month?

Kara has a repayment plan established to pay off her loan. She makes monthly payments of $175 for 5 years. How many payments will she make?