1. What is the APY for money invested at each rate? (A) 12% compounded quarterly (B) 10% compounded continuously (A) APY _% (Round to three decimal places as needed.) (B) APY - _%{Round to three decimal places as needed.) 2. How long will it take money to quadruple if it is invested at 9% compounded monthly? 5.5% compounded continuously? It will take about years at 9% compounded monthly. (Round to two decimal places as needed.) It will take about years at 5.5% compounded continuously. (Round to two decimal places as needed.) 3. A company estimates that it will need $149,000 in 9 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 3.3% compounded monthly, how much should each payment be? The amount of each payment should be $ (Round to the nearest cent.) 4. American General offers a 19-year annuity with a guaranteed rate of 4.91% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1300 annually over the 19 year period? How much should a customer pay for this annuity? $ (Round to the nearest cent.) 5. A family has a $95,698, 30-year mortgage at 5.4% compounded monthly. Find the monthly payment. Also find the unpaid balance after the following periods of time. (A) 10 years (B) 20 years (C) 25 years The monthly payment is $ (Round to the nearest cent as needed.) (A) The unpaid balance after 10 years is $ (Round to the nearest cent as needed.) (B) The unpaid balance after 20 years is $ (Round to the nearest cent as needed.) (C) The unpaid balance after 25 years is $ (Round to the nearest cent as needed.)