1 Calculate the amount of moneyyou'll have at the end of the indicated time period.

You invest $2000 in an account that pays simple interest of 3% for 10 years.

The amount of moneyyou'll have at the end of 10 years is $_______

2 Use the compound interest formula to determine the accumulated balance after the stated period.

$9000 invested at an APR of 9% for 5 years.

If interest is compoundedannually, what is the amount of money after 5 years?

$________

(Do not round until the final answer. Then round to the nearest cent asneeded.)

3- Use the appropriate compound interest formula to compute the balance in the account after the stated period of time

$11,000 is invested for 7 years with an APR of 4% and quarterly compounding.

The balance in the account after 7 years is $__________

(Round to the nearest cent asneeded.)

4.Find the annual percentage yield(APY) in the following situation.

A bank offers an APR of 2.34% compounded monthly.

The annual percentage yield is %._________

(Do not round until the final answer. Then round to two decimal places asneeded.)

5.Use the formula for continuous compounding to compute the balance in the account after1, 5, and 20 years.Also, find the APY for the account.

A $19,000 deposit in an account with an APR of 3.75%.

The balance in the account after 1 year is approximately $ _______

(Round to the nearest cent asneeded.)

6.How much must be deposited today into the following account in order to have a $130,000 college fund in 14 years? Assume no additional deposits are made.

An account with annual compounding and an APR of 5.6%

$______should be deposited today.

(Do not round until the final answer. Then round to the nearest cent asneeded.)