6. [-/1 Points] DETAILS LARCAAPCALC2 4.2.048. MY NOTES ASK YOUR TEACHER The present value of money is the principal P you need to invest today so that it will grow to an amount A at the end of a specified time. The present value formula -A(1+) is obtained by solving the compound interest formula A- + PRALTILE ANOTHER for P. Recall that t is the number of years, r is the interest rate per year, and w is the number of compoundings per year. Find the present value of amount A invested at rate r for t years, compound n times per year. (Round your answer to the nearest cent.) A $80,000, -7%, t 9 years, P-S Need Help? 7. [-/4 Points] DETAILS 4 LARCAAPCALC2 4.2.058.MI.SA. MY NOTES ASK YOUR TEACHER PRACTICE ANOT This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come bac skipped part Tutorial Exercise You deposit a lump sum P in a trust fund on the day your child is born. The fund earns 9.5% interest.compounded continuously. Find the amount P that will yield the given balance A on ye child's 28th birthday. A $6,000,000 Click here to begin! Need Help? Read 8. [-/1 Points] DETAILS LARCAAPCALC2 4.2.062. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You deposit a lump sum in a trust fund on the day your grandchild is bom. The fund earns 6.5% interest compounded continuously. Find the amount that will yield the given balance A on your grandchild's 22nd birthday (Round your answer to the nearest cent.) P-5 4-$6,000,000 Need Help? 9. [-16 Points] DETAILS LARCAAPCALC2 10.2.036.585. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A deposit of $25,000 is made in a trust fund that pays 8% interest, compounded continuously. It is specified that the balance will be given to the college from which the donor graduated after the money has earned interest for 60 years. How much will the college receive? STEP 1: State the quantities given in the problem. (If it is not given in the problem, enter DNE) STEP 2: Choose the appropriate compound interest formula A-Pleft STEP 3: Solve using the formula chosen. (Round your answer to two decimal places.) The college will receive $ 10. [-/3 Points) DETAILS LARCAAPCALC2 10.2.042. The demand function for a product is modeled by p-14,000(1-2 +0.001) Find the price p (in dollars) of the product when the quantity demanded is x-1000 units and (a) x 1000 units (Round your answer to two decimal places.) (b) x 1500 units (Round your answer to two decimal places.) $ (c) What is the limit of the price as x increases without bound? $ Need Help? Read Watch MY NOTES ASK YOUR TEACHER PRACTIC 1500 units. What is the limit of the price as x increases without bound? Submit Assignment Save Assignment Progress Home My Assignments Request Extension