Answer all the questions
Don't need expiation
33. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.3.018. A house is rented for $7,900 per quarter, with each quarter's rent payable in advance. If money is worth 8%, compounded quarterly, and the rent is deposited in an not, what is the future value of the rent for one year? (Round your answer to the nearest cent.) $ 3219.20 X Need Help? Read It Watch It 34. [-/1 Points] DETAILS HARMATHAP12 6.3.019 How much must be deposited at the beginning of each year in years? (Round your answer to the nearest cent.) Need Help? Read It Watch it 35. [-/2 Points] DETAILS HARMATHAP12 6.3.024. Jake Werkheiser decides to invest $9000 in an IRA at the end of each year for the next 6 years. If he makes these investments, annually, how much will he have at the end of the 6 years? (=) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read It Watch It 36. [-/2 Points] DETAILS HARMATHAP 12 6.3.025. How much must be invested at the beginning of each year at 9%, compounded annually, to pay off a debt of $60,000 in 8 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read It 37. [-/2 Points] DETAILS HARMATHAP12 6.3.027.MI. A family wants to have a $150,000 college fund for their children at the end of 16 years. What contribution must be made at the end of each quarter if their investment pays 7.8%, compounded quarterly? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read It Master It 38. [-/2 Points] DETAILS HARMATHAP 12 6.3.033. Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded monthly. After how many months will the account be worth $40,000? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer UP to the nearest month.) months Need Help? Read It 39. [-/2 Points] DETAILS HARMATHAP12 6.3.037. Jane Adele deposits $1,900 in an account at the nning of each 3-month period for 12 years. If the account pays interest at the rate of 89%, compounded quarterly, how much will she have in her account after 12 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read It 40. [-/1 Points] DETAILS HARMATHAP12 6.4.003.MI. Find the present value of an annuity of $7000 paid at the end of each 6-month period for 8 years if the interest rate is 5%, compounded semiannually. (Round your answer to the nearest cent.) $ Need Help? Read It Master It
