1) Find the accumulated amountA, if the principalPis invested at an interest rate ofrper year fortyears. (Round your answer to the nearest cent.) P=$13,000,r=6%,t= 10, compounded quarterly

2)Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places give percentages)

a) 9.5%/year compounded monthly

b) 9.5%/year compounded daily

3)Find the present value of$60,000due in5years at the given rate of interest. (Round your answers to the nearest cent.) a)9%/year compounded semiannually

b)9%/year compounded quarterly

4Find the accumulated amount after4years if$4000is invested at4%/year compounded continuously. (Round your answer to the nearest cent.)

5.An amount of$31,000is deposited in a bank that pays interest at the rate of5%/year, compounded annually. What is the total amount on deposit at the end of5years, assuming there are no deposits or withdrawals during those5years? (Round your answer to the nearest cent.)

What is the interest earned during that period of time? (Round your answer to the nearest cent.) 6.Jada deposited an amount of money in a bank5years ago. If the bank had been paying interest at the rate of7%/year compounded daily (assume a365-dayyear) and she has$27,000on deposit today, what was her initial deposit? (Round your answer to the nearest cent.)

7.Diego deposited a certain sum of money in a bank3years ago. If the bank had been paying interest at the rate of8%compounded continuously and he has$13,000on deposit today, what was his initial deposit? (Round your answer to the nearest cent.)

8.Find the interest rate needed for an investment of$9,000to grow to an amount of$9,900in3months if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)

9.How long will it take an investment of$3000to double if the investment earns interest at the rate of6%/year compounded monthly? (Round your answer to one decimal place.)

10.Find the interest rate needed for an investment of$3,000to grow to$5,000in8years if interest is compounded continuously. (Round your answer to the nearest hundredth of a percentage point.)

11.How long will it take for an investment of$6,000to double if the investment earns interest at the rate of8%/year compounded continuously? (Round your answer to one decimal place.)