1. Use the appropriate compound interest formula to compute the balance in the account after the stated period of time. $3, 000 is invested for 13 years with an APR of 2% and monthly compounding. The balance in the account after 13 years is $

2. If prices increase at a monthly rate of 1.9%, by what percentage do they increase in a year? The annual inflation rate is %.

3.During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of 25% per month. State whether this increase was linear or exponential. If your food bill was $150 in one month during this period, what was it three months later? Was the growth in inflation linear or exponential? What was the monthly food bill after three months?

4.The initial population of a town is 2900, and it grows with a doubling time of 10 years. What will the population be in 12 years? What will the population be in 12 years?

5. Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. A $28, 000 deposit at an APR of 3.4% with quarterly compounding for 34 years. The amount after 34 years will be $