1. 1)Findtheamountafter2yearsif$800isinvestedat14%compounded:a)AnnuallyAmount=$b)SemiannuallyAmount=$c)QuarterlyAmount=$d)MonthlyAmount=$
2. 2)Findtheamountoftheannuityifthedepositis$1400quarterlyfor2yearsat5%compoundedquarterly.Amount=$
3. 3)Findtheprincipalneededtoget$1400in4yearsat11%compoundedmonthly.Principal=$
4. 4)Markdeposits$600eachmonthinaretirementplanpaying3%compoundedmonthly.Howmuchwillhehaveintheaccountafter14years?
5. 5)In3yearsHarryandSallywouldliketohave$28000foradownpaymentonahouse.Howmuchshouldtheydepositeachmonthintoanaccountpaying12%compoundedmonthly? 6)Findthemonthlypaymentneededtopayoffaloanof$3100amortizedat11%compoundedmonthlyfor4years.Monthlypayment=$
6. 7)Rubeninvested$1600peryearinanIRAeachyearfor6yearsearning9%compoundedannually. Attheendof6yearsheceasedtheIRApayments,butcontinuedtoinvesthisaccumulatedamountat9%compoundedannuallyforthenext8years. a)WhatwasthevalueofhisIRAattheendof6years? Answer=$
7. b)Whatwasthevalueoftheinvestmentattheendofthenext8years? Answer=$
8. 8)StereoInc.sellsastereosystemfor$300downandmonthlypaymentsof$60forthenext3years.Iftheinterestrateis4.75%peryear,find: a)Thecostofthestereo. Answer=$
9. The total amount of interest paid. Answer = $