5.3: Problem 1 Previous Problem Problem List Next Problem (1 point) If a bank pays 4% compounded quarterly, how much should be deposited now to have $1700 in 4 years from now? Amount the needs to be deposited now = $ + Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining Email instructor 2:25 PM 5/18/2023 Q Search hpreenman / 5.3 / 2 k Sets 5.3: Problem 2 lem 2 ings Previous Problem Problem List Next Problem (1 point) If you invest $1,438.10 in an account earning an annual interest rate of 5.787% compounded daily, how much will oblems be in your account after 2 years? After 12 years? After 2 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) 1 1 After 12 years (Note: Your answer should include a dollar sign and be accurate to two decimal places) n 3 n 5 Note: You can earn partial credit on this problem. 6 Preview My Answers Submit Answers m 7 m 8 You have attempted this problem 0 times. You have unlimited attempts remaining m 9 2:25 PM m 10 W 5/18/2023 Search ny hp_greenman / 5.3 / 3 Sets 5.3: Problem 3 em 3 igs Previous Problem Problem List Next Problem (1 point) If 40900 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 blems years for the following compounding methods. (a) Annual: Your answer is $ (b) Semiannual: + Your answer is $ N (c) Monthly: 13 Your answer is $ 1 5 (d) Daily: 1 6 Your answer is $ n 7 (e) Continuously: m 8 Your answer is $ 503 m 9 2:25 PM m 10 5/18/2023 Search iny hp5.3: Problem 5 Previous Problem Problem List Next Problem (1 point) For how many months do you need to invest your money into a bank account earning an annual interest rate of 9.57% compounded monthly if you want to triple your investment? months + (Note: Your answer should be an integer) Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining. Email instructor 2:26 PM X W 5/18/2023 Q Search hp