A savings account has an APR of r and interest is compounded quarterly (every three months). How much wouid you need to deposit on January 15L 2020 so that you have a total of $1000 on July 3151:, 2021? A. 1000(11r) 5 B. 1000(11i) 6 c. 1000(1+ i) 1913 0. 1000 (1+5) 19 Suppose you invest $1000 at an APR of 3% compounding every live days. What is the value of the account after 15 days? 15 A. 1000 (1 + %) a. 1000 (1 + % 75 c. 1000 (1 + 0% 5 2) D. 1000 (1 + %) 15 25 Suppose a principal of $10000 grows at an annual percentage rate of 4%, compounded monthly. Determine the value of a and b so that the formula below gives the value of the account after 2.5 years: 10000 ( 1 0.04 \\ b A. a = 4, b = 30 B. a = 1, b = 2.5 C. a = 12, b = 2.5 D. a = 12, b = 30 3/11 Question You lend Tyler $120 on January 1st, and he promises to pay you back $10 at the end of each month for a year. On November 1st, you decide to "sell" this debt to TJ. What is the value of the debt if the market rate is an APR of 5%, compounding monthly on the 28th day of each month. A. 10 (1 + 0.95) + 10 (1 + 0.05) -2 B. 10 + 10 (1 + 9:25 10 C. 10 (1 + 0.05\\ k 12 D. 20Your nice friend offers to give you money in the Fall to help you pay for textbooks for school, and they give you the four options below. Assuming the market rate stays constant for the year, which option should you pick? A. $50 at the end of September, October, November, December B. $100 at the end of October and December C. $100 at the end of September and November D. $200 at the end of December 5/11 Question Suppose an investment compounds at an Annual Percentage Rate r, compounding monthly. Let ra denote the effective annual rate, while rc denotes the effective continuous rate. Which of the following statements is correct? A. fa=r= rc B. ra > r> rc C. ra ra and r > re E. r