For questions 26-35 show the formula with the values filled

26) Calculate the amount of interest you'll have at the end of the indicated period.

You invest $8000 in an account that pays simple interest of 3% for 3 years.

27) Use the compound interest formula to determine the accumulated balance after the stated period. Assume the interest is compounded annually.

$8,000 is invested at an APR of 3.1% for 5 years

28) Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.

$5500 deposit at an APR of 4% with monthly compounding for 6 years.

29) Use the compound interest formula for continuous compounding to determine the accumulated balance after the stated period.

A $6958 deposit in an account with an APR of 6.5% compounded continuously for 4 years.

30) You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an account with an APR of 5% and annual compounding?

31) Suppose that you want to have $95706 retirement fund after 40 years. How much will you need to deposit now if you can obtain an APR of 5%, compounded daily? Assume that no additional deposits are to be made to the account.

32) Calculate the balance under the given assumptions

Find the savings plan balance after 32 months with an APR of 2% and monthly payments of $393

33) You intend to have a college fund for your baby. If you can get an APR of 5.0% with monthly compounding and want the fund to have a value of $173,282 after 18 years, how much should you deposit monthly.

34) Determine the total payment over the term of a student loan of $155,807 at a fixed APR of 8.5% for 30 years.

35) Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card.

The credit card APR is 21% and you want to pay off the balance in 2 years.