8. Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $210,000, r = 6%, t = 3, compounded daily

A= $

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9. Find the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.)

8%/year compounded semiannually %/year

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10. Find the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.)

8%/year compounded quarterly

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11. Find the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.) 8%/year compounded daily

%/year

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12. Find the present value of $40,000 due in 3 years at the given rate of interest. (Round your answer to the nearest cent.)

10%/year compounded quarterly

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13. Find the present value of $40,000 due in 3 years at the given rate of interest. (Round your answer to the nearest cent.)

10%/year compounded daily

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14. Find the accumulated amount after 4 yr if $3000 is invested at 7%/year compounded continuously. (Round your answer to the nearest cent.)

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15. Jennifer was awarded damages of $150,000 in a successful lawsuit she brought against her employer 3 years ago. Interest (simple) on the judgment accrues at the rate of10%/year from the date of filing. If the case were settled today, how much would Jennifer receive in the final judgment?