1) Today you are depositing $136 in a bank account that promises to pay 7% interest annually. How much interest will you have earned at the end of one year? Round your answer to the nearest cent.

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Question 21 pts

Today you are depositing $408 in a bank account that promises to pay 4.1% interest, annually compounded. How much interest will you have earned at the end of two years? Round your answer to the nearest cent.

Today you are depositing $408 in a bank account that promises to pay 4.1% interest, annually compounded. How much interest will you have earned at the end of two years? Round your answer to the nearest cent.

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Question 31 pts

If I borrow $1000 from my bank today and they charge interest at a rate of 5.5 percent, annually compounded, how much will I have to pay back when the loan matures one year from now? Round your answer to the nearest cent.

If I borrow $1000 from my bank today and they charge interest at a rate of 5.5 percent, annually compounded, how much will I have to pay back when the loan matures one year from now? Round your answer to the nearest cent.

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Question 41 pts

What is the future value of $423 invested today at 7 percent interest compounded annually for 7 years? Round your answer to the nearest cent.

What is the future value of $423 invested today at 7 percent interest compounded annually for 7 years? Round your answer to the nearest cent.

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Question 51 pts

What is the present value of $601 to be received in 10 years? The discount rate is 5 percent. Round your answer to the nearest cent.

What is the present value of $601 to be received in 10 years? The discount rate is 5 percent. Round your answer to the nearest cent.