Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500 and $3,000 are made into a fund that pays interest at a rate of 10% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

What is the future worth of the following series of payments? a) $30,000 at the end of each six-month period for five years at 8% compounded semiannually. b) $50,000 at the end of each quarter for 10 years at 6% compounded quarterly. c) $13,000 at the end of each month for six years at 9% compounded monthly.

You have just taken out a mortgage for $575,000, at a fixed rate of 4.75% per year, compounded monthly, and a term of 30 years. a) Calculate the monthly payments b) For the first six months' payments, calculate the portion that is interest and the portion that is principal