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13. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.5.047. How much would you have in 8 years if you purchased a $1,000 8-year savings certificate

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13. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.5.047. How much would you have in 8 years if you purchased a $1,000 8-year savings certificate that paid 3% compounded quarterly? (Round your answer to the nearest cent.) Submit Answer 14. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.5.051. Find the cost of the monthly rent for a two-bedroom apartment in 30 years, assuming an annual inflation rate of 5% (compounded annually), if the current rent is $690. (Round your answer to the nearest cent.) Submit Answer 15. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.5.053. Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $68,000 in 30 years. What is the comparable annual salary today, assuming an annual inflation rate of 5% (compounded annually)? (Round your answer to the nearest cent.) $ Submit Answer

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