2. [0/1 Points) DETAILS PREVIOUS ANSWERS TANFIN12 5.3.014. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of %/year compounded m times a year. (Round your answer to the nearest cent.) S = 310,000, r = 3.7, t = 11, m = 6 $ 3825.08 x Need Help? Read It 8. [0/1 Points) DETAILS PREVIOUS ANSWERS TANFIN12 5.3.028. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Jessica wants to accumulate $12,000 by the end of 6 years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 6-year period. If the bank pays interest at the rate of 7% per year compounded monthly, how much does she have to deposit each month into her account? (Round your answer to the nearest cent.) $ 133.72 x Need Help? Read It 9. [-/1 Points] DETAILS TANFIN12 5.3.030. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Carl is the beneficiary of a $27,000 trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive the money over a 7-year period in equal installments at the end of each year. If the fund earns interest at the rate of 5%/year compounded annually, what amount will he receive each year? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It