Directions: Read the questions and answer them. Discuss with your group. Ask for help as a group. Answer the questions in your own words. Show and explain all of your work. Share your ideas/work in the class discussion. Peanut prices received by farmers for all farmer stock peanuts averaged 21.2 cents per pound for the week ending July 27, up 1.5 cents from the previous week. What was the percent increase? Show and explain your work. 2. What is the APR if you paid $8512.50 in simple interest on a $22,700 car loan for 5 years? Show and explain your work. Suppose you have $2000 to invest in a savings account that pays 1.25% every three months. Use a simple interest formula, and show and explain all of your work. 3. How much is in the account after three months? 4. How much is in the account after six months? 5. How much is in the account after nine months? 6. How much is in the account after one year? Suppose you have $2000 invested for one year in an account that pays 5% interest compounded quarterly. 7. Use the compound interest formula to find the future value after one year. Show and explain your work