1. [-/1 Points] DETAILS HARMATHAP12 6.2.010.MI. MY NOTES PRACTICE ANOTHER What interest will be earned if $6200 is invested for 6 years at 13% compounded monthly? (Round your answer to the nearest cent.) Need Help? Read it Master It 2. [-/1 Points] DETAILS HARMATHAP12 6.2.031. MY NOTES PRACTICE ANOTHER Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPOT Suppose that $30,000 invested in Microsoft at its IPO price had been worth $1,800,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.) % Need Help? Read it 3. [-/1 Points] DETAILS HARMATHAP12 6.2.032. MY NOTES PRACTICE ANOTHER If $6,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $28,473.34 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.) % Need Help? Read It Watch It 4. [-/1 Points] DETAILS HARMATHAP12 6.2.037.MI. MY NOTES PRACTICE ANOTHER For her 1st birthday, Ruth's grandparents invested $500 in an 18-year certificate for her that pays 6% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.) $ Need Help? Read it Master It 5. [-/1 Points] DETAILS HARMATHAP12 6.2.041. MY NOTES PRACTICE ANOTHER A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 12% compounded quarterly, how long will it take for the money to grow to $45,000? (Round your answer to the nearest whole number.) yr Need Help? Read It 6. [-/1 Points] DETAILS HARMATHAP12 6.2.044. MY NOTES PRACTICE ANOTHER Suppose Patrick Goldsmith deposited $1000 in an account that earned simple interest at an annual rate of 6% and left it there for 8 years. At the end of the 8 years, Patrick deposited the entire amount from that account into a new account that earned 6% compounded quarterly. He left the money in this account for 2 years. How much did he have after the 10 years? (Round your answer to the nearest cent.) Need Help? Read It Watch It7. [-/8 Points] DETAILS HARMATHAP12 6.2.002. MY NOTES PRACTICE ANOTHER Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value. (a) Find S: S = 35,000(1 + 0.005)90 (Round your answer to two decimal places.) S = $ 35,000: O periodic rate O number of periods O principal O future value .005: O periodic rate number of periods O principal O future value 365: O periodic rate O number of periods O principal O future value (b) Find P: 300,000 = P(1 + 0.06)25 (Round your answer to two decimal places.) P = $ 300,000: O periodic rate O number of periods O principal O future value 0.06: O periodic rate O number of periods O principal O future value 25: O periodic rate O number of periods principal O future value Need Help? Read it 8. [-/1 Points] DETAILS HARMATHAP12 6.2.017. MY NOTES PRACTICE ANOTHER What is the compound interest if $43,000 is invested for 10 years at 6% compounded continuously? (Round your answer to the nearest cent.) Need Help? Read It9. [-/2 Points] DETAILS HARMATHAP12 6.2.01 MY NOTES PRACTICE ANOTHER Consider an investment where $42,000 is invested for 15 years at 6% compounded continuously. How much will this investment be worth after 15 years? (Round your answer to the nearest cent.) What is the total amount earned in compound interest? (Round your answer to the nearest cent.) Need Help? Read It 10. [-/1 Points] DETAILS HARMATHAP 12 6.2.018. MY NOTES PRACTICE ANOTHER If $9,000 is invested at 9.5% compounded continuously, find the future value after 6 - years. (Round your answer to the nearest cent.) Need Help? Read It 11. [-/3 Points] DETAILS HARMATHAP12 6.2.020. MY NOTES PRACTICE ANOTHER Suppose an individual wants to have exactly $400,000 available for her child's education. (a) Find the amount that would have to be invested at 13% compounded continuously, if the number of years until college is 6 years. (Round your answer to the nearest cent.) (b) Find the amount that would have to be invested at 13% compounded continuously, if the number of years until college is 12 years. (Round your answer to the nearest cent.) (c) Does leaving the money invested twice as long mean that half as much is needed initially? Explain. Yes, at the given rate and amounts of time, investing half the amount for twice as long will result in an amount equal to the stated goal. No, at the given rate and amounts of time, investing half the amount for twice as long will result in an amount greater than the stated goal. O No, at the given rate and amounts of time, investing half the amount for twice as long will result in an amount less than the stated goal. Need Help? Read It 12. [-/1 Points] DETAILS HARMATHAP12 6.2.021. MY NOTES PRACTICE ANOTHER Which investment will earn more money, a $2000 investment for 6 years at 5% compounded annually or a $2000 investment for 6 years compounded continuously at 4%? 5% compounded annually 4% compounded continuously Need Help? Read It13. [-/3 Points] DETAILS HARMATHAP12 6.2.021.EP. MY NOTES PRACTICE ANOTHER Consider the following investment options. Option 1: invest $5000 for 5 years at 7% compound annually Option 2: invest $5000 for 5 years compounded continuously at 6% How much will each investment be worth after 5 years? (Round your answers to the nearest cent.) Option 1 Option 2 Which investment will earn more money? O Option 1 O Option 2 Need Help? Read It 14. [-/1 Points] DETAILS HARMATHAP12 6.2.034. MY NOTES PRACTICE ANOTHER How long (in years) would $500 have to be invested at 9%, compounded continuously, to amount to $925? (Round your answer to the nearest whole number.) yr Need Help? Read It 15. [-/1 Points] DETAILS HARMATHAP12 6.2.033. MY NOTES PRACTICE ANOTHER How long (in years) would $700 have to be invested at 11.8%, compounded continuously, to earn $400 interest? (Round your answer to the nearest whole number.) yr Need Help? Read It 16. [-/1 Points] DETAILS HARMATHAP 12 6.2.038. MY NOTES PRACTICE ANOTHER To help their son buy a car on his 16th birthday, a boy's parents invest $7600 on his 10th birthday. If the investment pays 7% compounded continuously, how much is available on his 16th birthday? (Round your answer to the nearest cent.) $ Need Help? Read It17. [-/9 Points] DETAILS HARMATHAP12 6.2.047. MY NOTES PRACTICE ANOTHER For each geometric sequence given, write the next three terms a4, a5, and a6. (a) 3, 9, 27, . . . ac = (b) 81, 54, 36, . . . CA= as = (C) -0.5, 3, -18, . . . Need Help? Read It 18. [-/1 Points] DETAILS HARMATHAP12 6.2.049. MY NOTES PRACTICE ANOTHER Write an expression that gives the requested term. The 12th term of the geometric sequence with first term 10 and common ratio 3 212 Need Help? Read it Watch It 19. [-/1 Points] DETAILS HARMATHAP 12 6.2.051.MI. MY NOTES PRACTICE ANOTHER Write an expression that gives the requested term. The 15th term of the geometric sequence with first term 3 and common ratio 15 Need Help? Read it Master It 20. [-/1 Points] DETAILS HARMATHAP12 6.2.053. MY NOTES PRACTICE ANOTHER Write an expression that gives the requested sum. The sum of the first 20 terms of the geometric sequence with first term 1 and common ratio 2 $20 Need Help? Read It21. [-/1 Points] DETAILS HARMATHAP12 6.2.055. MY NOTES PRACTICE ANOTHER Write an expression that gives the requested sum. The sum of the first 36 terms of the geometric sequence 1, 3, 9, . .. $36 = Need Help? Read it Watch It 22. [-/1 Points] DETAILS HARMATHAP12 6.2.065.MI. MY NOTES PRACTICE ANOTHER A ball is dropped from a height of 64 feet. If it rebounds - of the height from which it falls every time it hits the ground, how high will it bounce after it strikes the ground for the fourth time? Need Help? Read It Master It