Answer the following compound interest questions:

1. Brian purchased a new bedroom set for his wife's birthday present. The cost of the bedroom set was $1,999 with no payments for six months. However, at the end of six months Brian owes the price of the bedroom set, plus 12% annual interest, compounded monthly. How much interest will Brian pay on his wife's birthday present?

2. Tim put $35,000 in a five-year CD paying 5.75% annual interest, compounded quarterly. What is the total amount Tim will receive when he withdraws his money after five years?

3. Andrew wants to pay off his car. He has a two-year loan at 9% annual interest that is compounded monthly. Andrew must pay $18,700 at the end of the two-year period. How much did Andrew originally borrow?

Please solve each of the following problems showing precision to five decimal places:

1. What is the nominal rate of an investment that returns 9%?

2. What is the periodic rate for a 10% loan compounded monthly?

3. What is the effective rate for each monthly payment of an auto loan when the loan is issued at 13% compounded weekly? (Assume 4.333 weeks per month.)

4. You have decided to start saving for retirement and are making quarterly payments into an account that earns 4.25% with monthly compounding. What effective interest rate is your money earning per quarter?

Test: Makeup Test-3 (Copy) This Question: 1 pt 1 of 10 (0 complete) Find the missing interest earned. Principal Rate Compounded Time Final Amount Compound Interest $1250 6% quarterly 3 years $1494.52 ? The amount of compound interest earned is $. (Round to the nearest cent as needed.)(4) Three mutually exclusive alternative are being considered Initial Cost $500 $400 $300 Benefit at the end of the first Year 5200 $200 $200 Uniform Annual Benefits at end of subsequent years $100 $125 $100 Useful Life in years At the end of its useful life, an alternative is not replaced. If MARR is 10%, which alternatives should be selected? a) Based on the payback period? b) Based on benefit-cost ratio analysis c) Benefit/Costs Analysis using incremental Analysis.H S CD + BEE BEE. BE X/ Editing 3. Ted is curious about the average daily commute time of the West Chester faculty. He decides 7 . to ask: 20 faculty members in the economics and finance department. Each member tells Ted his or her daily commute time from which he calculates the average time. (Circle the correct answer.) a. What is the population? i. All West Chester faculty. ii The 20 West Chester faculty in the economies and finance department Ted asked. ili. All West Chester students. iv. All economics and finance majors. H b. What is the parameter? i. The mean daily commute time of all students, i1. The mean daily commute time of the 20 faculty members Ted asked. ill. The mean daily commute time of all West Chester faculty. iv. The standard deviation of the daily commute time of all West Chester faculty a. What is the sample? i. All West Chester faculty. ii. The 20 West Chester faculty in the economics and finance department Ted alond. in. All West Chester students. iw. All economics and finance majors. b. What is the statistic? i The mean daily commute time of all students. ii. The mean daily commute time of the 20 faculty members Ted asked. ni. The mean daily commute time of all West Chester faculty. iv. The standard deviation of the daily commute time of all West Chester faculty c. Do you see any potential bias with this method? Explain.Question 3 30 points Save Answer Perform a benefit /cost (B/C) analysis between the following two direct benefit projects having the same life time of 9 years and interest = 4%% by finding the difference in BC (Le. incremental B/C) between the two projects having the following details, all calculated in PW form: Project X : benefits = $5,222, cost -$2,832 and disbenefits -$778 Project Y : benefits = $2,290, cost =$2,171 and disbenefits =$641 Write only the last number you obtain from this comparison in the answer box. Moving to another question will save this response. Question Jof $ 5In New York, state-released results of an online education survey revealed that 71% of the 10,500 respondents had positive feedback about the new Common Core state standards.: (a) This survey is an example of which of the following? O experiment observational study (b) The number 71% Is which of the following? O parameter O statistic O population O sample