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3. [-/6.66 Points] DETAILS MY NOTES ASK YOUR TEACHER Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at

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3. [-/6.66 Points] DETAILS MY NOTES ASK YOUR TEACHER Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $500 is deposited monthly for 10 years at 4% per year in an account containing $7,000 at the start FV = $5. [0/6.66 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER The following table lists several corporate bonds issued during a particular quarter Bank of General Goldman Wells Company AT&T America Electric Sachs Verizon Fargo Time to Maturity 10 10 2 3 8 7 (years) Annual Rate (%) 4.40 4.00 4.25 6.15 4.15 4.50 If the General Electric bonds you purchased had paid you a total of $8,680 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)8. [-/6.66 Points] DETAILS MY NOTES ASK YOUR TEACHER The Enormous State University History Department offers three courses-Ancient, Medieval, and Modern History-and the chairperson is trying to decide how many sections of each to offer this semester. The department is allowed to offer 41 sections total, there are 4,400 students who would like to take a course, and there are 54 professors to teach them. Sections of Ancient History have 100 students each, sections of Medieval History hold 50 students each, and sections of Modern History have 200 students each. Modern History sections are taught by a team of two professors, while Ancient and Medieval History need only one professor per section, How many sections of each course should the chair schedule in order to offer all the sections that they are allowed, accommodate all of the students, and give one teaching assignment to each professor? HINT [See Example 2.] (Assume each section has the maximum number of students allowed.) Ancient History sections Medieval History sections Modern History sections9. [-/6.66 Points] DETAILS MY NOTES ASK YOUR TEACHER Compute the specified quantity, Your total payment on a 2 year loan, which charged 5% annual simple interest, amounted to $40,360. How much did you originally borrow (in dollars)? (Round your answer to the nearest cent.)

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