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A MTH 110 HW #6 - Chapter 4 Se x + - C webassign.net/web/Student/Assignment-Responses/last?dep=27672357 To # (Update 17. [-/1 Points] DETAILS TANAPMATH7 4.1.064. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Fleet Street Savings Bank pays interest at the rate of 4.27%/year compounded weekly in a savings account, whereas Washington Bank pays interest at the rate of 4.15%/year compounded daily assume a 365-day year). Which bank offers a better rate of Interest? O Fleet Street Savings Bank Washington Bank Need Help? Read It Watch It 18. [-/1 Points] DETAILS TANAPMATH7 4.2.002. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1600/semiannual period for 7 years at 3.5%/year compounded semiannually $ Need Help? Read It Watch It TANAPMATH7 4.2.003. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 19. [-/1 Points] DETAILS Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent. ) $800/semiannual period for 11 years at 5%/year compounded semiannually $1 Need Help? Read It Watch ItVA MTH 110 HW #6 - Chapter 4 Se x + C webassign.net/web/Student/Assignment-Responses/last?dep=27672357 To # Update Find the accumulated amount after 3 years if $6500 is Invested at 3%/year compounded continuously. (Round your answer to the nearest cent.) $ Need Help? Read It 11. [-/1 Points] DETAILS TANAPMATH7 4.1.032. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Use logarithms to solve the problem. How long will it take $13,000 to grow to $19,000 if the investment earns interest at the rate of 2%/year compounded monthly? (Round your answer to two decimal places.) yr Need Help? Read It Watch It 12. [-/1 Points] DETAILS TANAPMATH7 4.1.034. MY NOTES ASK YOUR TEACHER PRACTICE ANOTH Use logarithms to solve the problem. How long will it take an investment of $4000 to triple if the investment earns interest at the rate of 5%/year compounded daily? (Round your answer to two decimal places.) Need Help? Read It Watch It MY NOTES ASK YOUR TEACHER PRACTICE ANOT 13. [-/1 Points] DETAILS TANAPMATH7 4.1.038. Use logarithms to solve the problem. How long will it take an investment of $9,000 to double if the investment earns interest at the rate of 7% compounded continuously? (Round your answer to two decimal places.) yearsA MTH 110 HW #6 - Chapter 4 S x + F - C webassign.net/web/Student/Assignment-Responses/last?dep-27672357 TP # Update : Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1500/semiannual period for 8 years at 40%/year compounded semiannually $ Need Help? Read It Watch it 21. [-/1 Points] DETAILS TANAPMATH7 4.2.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $4000/semiannual period for 6 years at 5%/year compounded semiannually $ Need Help? Read It Watch It 22. [-/1 Points] DETAILS TANAPMATH7 4.2.016. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of 2%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) $ 1 Need Help? Read It ASK YOUR TEACHER PRACTICE ANOTHER 23. [-/1 Points] DETAILS TANAPMATH7 4.2.018. MY NOTES Robin, who is self-employed, contributes $4000/year into a Keogh account. How much will he have in the account after 30 years if the account earns interest at the rate of 4.5%/year compounded yearly? (Round your answer to the nearest cent. )A MTH 110 HW #6 - Chapter 4 Sc x + webassign.net/web/Student/Assignment-Responses/last?dep=27672357 To # Update : 14. [-/1 Points] DETAILS TANAPMATH7 4.1.044. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Isabella purchased $20,000 worth of 13-week T-Bills for $19,775. What will be the rate of return on her investment? (Round your answer to two decimal places.) Need Help? Read it Watch it 15. [-/3 Points] DETAILS TANAPMATH7 4.1.046. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The value of Maria's investments increased by 30% in the first year and by a further 10% in the second year. The value of Laura's investments grew 10% in the first year, followed by a gain of 30% in the second year. Both Maria and Laura started out with a $10,000 investment. Find Maria's and Laura's increase. Maria's increase Laura's increase Whose investment increased more in the 2-year period? O Maria's investment increased more. Laura's investment increased more. Both investments increased equally. Need Help? Read It Watch It ASK YOUR TEACHER PRACTICE ANOTHER 16. [-/1 Points] DETAILS TANAPMATH7 4.1.056. MY NOTES Five and a half years ago, Chris invested $10,000 in a retirement fund that grew at the rate of 4.32%/year compounded quarterly. What is his account worth today? (Round your answer to the nearest cent. $ Need Help? Read It