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1. Val borrows 8, 000 with an interest of 15% compounded quarterly. How much should she pay after six months to pay off her debt?
2. John paid 18, 500 on a loan made one year ago at 5% compounded quarterly. Find the interest generated.
3. Find the rate at which 25, 000 amounts to 27, 000 in nine months compounded quarterly?
4. How long will it take for 7, 500 to accumulate to 15, 000 at 10% compounded annually?
5. Determine the final amount and interest if a man invested 17,000 at 11% compounded monthly for four years.
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