1. Nola borrowed $150,000, paid on monthly installations for 7 years.

Find the
value of the monthly payment, using
a. 18% simple interest.
b. 18% annually paid monthly.

2. Darien bought a new VR on monthly payments of 200 pounds for two years at
14% simple interest. What is the cost of the credit purchase?

3. A father opened a bank account for his daughter on her birthday, on 5/4/2005,
with L.E 5,000. He did continue to make the same deposits annually on her
birthdays at an effective rate of 8.3%. Does her balance sufficient to pay L.E
200,000 for BUC tuition fees on 14/1/2023?

4. Macdonald's local branch pay L.E 30,000 monthly for the rent. The operator
wants to pay the rent semi-annually instead of monthly. How much is the new rent
if the interest rate is
a. 6% compounded monthly b. 6% simple interest

5. Maia designed a new kitchen at AMR HELMY DESIGNES costs 180,000 paid
on equal payments at the beginning of each two months for 3 years starting after 6
months. How much is the periodical payment using :
a. 12% converted each two months b. 12% simple interest
6. Hazal bought HSBC platinum savings certificates of $5000 for her son's six
birthday that gives 11% p.a. She did continue to give him the gift till his 17th
birthday. Her son wants to get the cash value of his certificates on his 25th
birthday, how much is his balance at HSBC bank?

7. Dima deposited £3,000 monthly for 4 years and £5,000 monthly for the next 5
years. Find the amount and the present value of her deposits using 12% annually
added monthly.

8. Tonay Borrowed an amount of money from CIP bank. The loan is paid on
monthly installations of $3,000 for 6 years starting after 2 years at 18% annually
compounded monthly. Find the amount of the loan.

9. Find the present value of quarterly annuity of $500 for 5 years at:

a. Interest rate is 8% simple interest b. 8% compounded quarterly

if the first payment due

1.In 3 months 2. Immediately 3. In 5 years 5. In 6 years

6. In 61 months
10. A person wants to accumulate $10,000 in 4 years. Equal deposits are
made at the end of each 6 months in a savings account paying 6% (2). What is the
size of each deposit?

11. A woman buys a car that lists at 850,000 pounds. She paid 250,000
pounds down and the balance in 36 monthly payments. If the interest rate is 12%
annual converted monthly. What is her monthly payment?

12. On June 1, 2021, L.E 160,000 is invested at 12% p.a. The investment is to
be paid out of 26 equal annual payments with the first payment on July 1, 2021.
What is the size of the equal annual payment?

13. On the 23rd of April 2015, a man asks for a loan from his bank to be repaid
in an equal premium of $8,000 due at the end of each four months. The first
payment will be due on the first of February 2020 and the last payment will be due
on the first of February 2028. Find the amount of the loan he has obtained if
interest rate is 12%(3).

14. On September 1, 2021, a college received a grant of $30,000 that was

invested at 6% effective. If annual scholarships are awarded for 20 years From
this grant, what was the size of each scholarship if the first one was awarded on:
a. September 1, 2021 b. September 1, 2031.
15. On the first of January 2015, someone donated $2.75 Million to char
foundation as a fund to be used for orphans life expenses. If the char foundation
spends about $62,000 each two months, what is the balance of the fund at the end
of 2021 if interest rate 12% added each two months?

16. A wise father begins an education fund for his infant daughter on 15 March
2013 on her 7th birthday by depositing L.E 10,000 in a deposit account at interest
rate 16% c.a. If he continues to make same annual payments, what amount is
available on:
a. Her 24th birthday
b. December 31, 2025

17. On your fourth birthday tour family deposits $2000 on your account at bank
pays 9% added each 4 months . if they continue to deposits the same amount every 4
months until the last one on your 10th birthday . but at the time of depositing the next
payment the family decides to increase the deposits to be 5000 every 4 months and
continue to deposits the same amount until the last one on your 15th birthday , find your
balance on 14/1/2023?

18. On your fourth birthday tour family deposits $2000 on your account at bank
pays 9% added each 4 months . if they continue to deposits the same amount every 4
months for 4 years . but at the time of depositing the next payment the family decides
to increase the deposits to be 5000 every 4 months and continue to deposits the same
amount for 5 years and 7000 each 4 months until 31/12/2022 , find your balance on
14/1/2023?