You are considering borrowing $100,000 at a compound annual interest rate of 9%. The loan agreement calls for 30 equal annual payments, to be paid at the end of each year of the next 30 years (payments include both principal and interest). What is the annual payment that will fully amortize the loan?

Kelsey purchases a retirement annuity that will pay her $1,500 at the end of every six months for the first ten years and $700 at the end of every month for the next six years. The annuity earns interest at a rate of 3.6 % compounded quarterly. Question 5 of 6 a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Kelsey receive from the annuity? Round to the nearest cent

On July 1 and September 1, you placed $2,000 into an account paying 3% compounded monthly. Approximately how much was in the account on October 1?

How many quarters will it take to triple an initial investment at an interest rate of 14% compounded quarterly?