# Q#1: How much interest will you earn in three years with an initial deposit of \$

Q#1: How much interest will you earn in three years with an initial deposit of \$73 at a rate of 3.5%?
Q#2: Calculate the time necessary to achieve \$5,000 at 9% simple interest deposited \$940 in an account.
Q#3: A car is advertised with a price of \$19,000. The payment plan to own a car is \$350 per month for 5 years. What is the amount of interest paid?
Q#4: Find the future value (total amount), using the future value formula for \$350 at 8.5% simple interest for 3 years.
Q#5: Find the future value (total amount), using the future value formula for \$850 at 4.5% compounded quarterly for 6 years.
Q#6: Find the future value (total amount), using the future value formula for \$98,500 at 6.5% compounded continuously for 25 years.
Q#7: Find the present value (P), using the present value formula to achieve \$4,500 in five years at 6.2% simple interest.
Q#8: Find the present value, using the present value formula to achieve \$3,500 in five years at 7.2% interest compounded monthly. 