1.How much money should be deposited today in an account that earns 6.5 % compounded monthly so that it will accumulate to $14,000 in threeyears?

whats the amount of money that should be deposited?

round up to the next cent

2.Parents wish to have $100,000 available for achild's education. If the child is now 4 yearsold, how much money must be set aside at 6 % compounded semiannually to meet their financial goal when the child is18?

whats the amount that should be set aside?

round up to the next cent

3.Hector and Yolanda want to establish a fund for theirgrandson's college education. What lump sum must they deposit at a 9.1% annual interestrate, compounded quarterl, in order to have $30,000 in the fund at the end of 15 years?

round uo to the next dollar

how much do they need to deposit ?

nothing

4.You would like to have $73,000 available in 15 years. There are two options. Account A has a rate of 7.5% compounded once a year. Account B has a rate 7% compounded daily. How much would you have to deposit in each account to reach yourgoal? Assume 365 days in a year.

round up to the next dollar for A & B.

How much must you invest in A & B?