1. Fill in the chart for the following investment. A one-time investment is made in the amount of $9,200 for 15 years at an APR of 6%. Compound Interest: A = P (1 + i)n, where A is the final amount, P is the principal invested, i is the interest rate per compounding period, and n is the number of compounding periods. Final Amount Compounded Principal Interest Rate per Compounding Number of Compounding Periods Write the Compound Interest Formula Period $22,048.34 Annually $9,200 6% 15 A = 9,200 (1 + 0.06)5 Semi-Annually $9,200 Quarterly $9,200 Monthly $9,200 Weekly $9,200 Daily $9,200 2. Compound Interest: a. A tithe of $35,000 is made to a local church. The money is to be invested and the accumulated amount used to purchase a new youth group bus. How long will it take for the tithe to double in value if the money is invested at 7.75% APR compounded monthly? b. What is the annual interest rate (APR) required for $22,500 to accumulate to $50,000 in 14 years with interest compounded semi-annually? C. What is the present value or Principal, that will return $40,000 in a Guaranteed Investment Certificate (GIC) in 9 years at 4 % % APR compounded quarterly