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1) Calculate the value after 20 years of a Retirement Savings Plan that earned 10% compounded quarterly and received deposits of $6,000 at the start of every three months

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1) Calculate the value after 20 years of a Retirement Savings Plan that earned 10% compounded quarterly and received deposits of $6,000 at the start of every three months.

2) A life insurance company will sell a 20-year annuity paying $1600 at the end of each month for $175,000. What annually compounded nominal rate of interest will the annuitant earn?

3) Rusty borrows $1,000,000 for a mortgage with monthly payments over 30 years at a rate of 9.75% per annum interest. What is the monthly payment?