Use the given interest rate $i$ per compounding period to find $r$, the annual rate. $0.9 \%$ per quarter

American General offers a $7$-year ordinary annuity with a guaranteed rate of $6.35 \%$ compounded annually. How much should you pay for one of these annuities if you want to receive payments of $\$ 10,000$ annually over the $7$-year period?

USG Annuity and Life offered an annuity that pays $7.25 \%$ compounded monthly. If $\$ 1,000$ is deposited into this annuity every month, how much is in the account after $15$ years? How much of this interest?

By using formula (I) for simple interest to find each of the indicated quantities. $l=\$ 15 ; r=8 \% ; t=3$ quarters; $P=$?

Use the given interest rate $i$ per compounding period to find $r$, the annual rate. $0.012 \%$ per day

You want to purchase an automobile for $\$ 21,600$. The dealer offers you $0 \%$ financing for $48$ months or a $\$ 3,000$ rebate. You can obtain $4.85$ financing for $48$ month at the local bank. Which option should you choose? Explain.