1.

x	1	2	3	4	5	6
y	519	570	594	576	624	617

Use linear regression to find the equation for the linear function that best fits this data. Round to two decimal places. y=

2. If $28,000 is invested in an account for 10 years. Find the value of the investment at the end of 10 years if the interest is: (a) 6% simple interest: $ (b) 6% compounded annually: $

3. You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in the account in 5 years? $_________

4. A bank features a savings account that has an annual percentage rate of 5.5 % with interest compounded quarterly. Todd deposits $7,500 into the account. What is the annual percentage yield (APY) for the savings account? APY=________%. Round to the nearest hundredth of a percent.

5. Suppose you want to have $600,000 for retirement in 30 years. Your account earns 7% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month?($)

b) How much interest will you earn? ($)