Find the future value of an annuity with payments of $500 deposited quarterly at 8% for five years.

a) $10,800.00

b)$12,148.68

c) $22,880.98

d) $2933.30

Find the interest rate for a simple interest loan

P=$680 i=$96.90 t=18

a. 7.9%

b. 5.6%

c.12.0%

d. 9.5%

A bank deposit of $450 earns interest at 8% compounded quarterly for 6 years. What is the amount at the end of the 6 years? Round to nearest penny.