1.    What amount we have to save at the beginning of each mount to have at the end of year on the
account $ 1000.00. The annually interest rate is 5%.

2.    How much do you will have saved in 10 years if you save regularly $ 250 at the beginning of
each quarter at an interest rate of 5 % per annum?

3.    What amount we need to save at the end of each month if we require in 10 years $
1,000,000.00. The interest rate is 5% p.a.

4.    What amount will provide us with an immediate annual income of $ 16,000.00 paid at the end of
a year? The payment will continue for 20 years. Interest rate 5% p. a.

5.    What is the present value of the income of $ 6,000.00, which is paid out at the end of every
quarter? The income is paid for 10 years. The annual interest rate is 5%.

6.    What amount ensure for us or for our survivors a perpetual pension of $ 5,000.00 paid out at
the end of each quarter. The annual interest rate is 7%.

7.    How much has the father to save for his son, who is 10 years if the son should in the age of
20 begin receiving for next 5 years a regularly monthly income of $ 250.00. We know that the annual
interest rate is 8% and remains unchanged.

[All together are 10 Extra points]

8.    How much you need to save at the beginning of each quarter on your bank account for 10 years,
if you want to ensure the following income. You will obtain a regular payment at the end of each
month for 8 years. The income will be 515.4369. The annually interest rate for the first 10 years
will be 4.1 % and then will decrease by 20 % from the previous level (4.1%). For the whole time (18
years) the interest period will be one month.

[Example No. 8 is for 8 points!]