Jerry calculates that if he makes a deposit of $5 each month at an APR of 4.8%, then at the end of two years he'll have $100. Benny says that the correct amount is $134. The Regular Deposits Rule of Thumb should be helpful here.

4. [-/1 Points] DETAILS CRAUDQL3 4.3.012C. MY NOTES PRACTICE ANOTHER Jerry calculates that if he makes a deposit of $5 each month at an APR of 4.8%, then at the end of two years he'll have $100. Benny says that the correct amount is $134. The Regular Deposits Rule of Thumb should be helpful here. Find the correct balance after two years. (Round your answer to the nearest cent.) $ eBook 5. [-/1 Points] DETAILS CRAUDQL3 4.3.013. MY NOTES PRACTICE ANOTHER Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. If you deposit $200 each month, how much will you have toward the purchase of a boat after three years? (Round your answer to the nearest cent.) $ eBook 6. [-/1 Points] DETAILS CRAUDQL3 4.3.019A. MY NOTES PRACTICE ANOTHER You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4200 per month. You have access to an account that pays an APR of 8.4% compounded monthly. What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.) $ eBook 4. [-/1 Points] DETAILS CRAUDQL3 4.3.012C. MY NOTES PRACTICE ANOTHER Jerry calculates that if he makes a deposit of $5 each month at an APR of 4.8%, then at the end of two years he'll have $100. Benny says that the correct amount is $134. The Regular Deposits Rule of Thumb should be helpful here. Find the correct balance after two years. (Round your answer to the nearest cent.) $ eBook 5. [-/1 Points] DETAILS CRAUDQL3 4.3.013. MY NOTES PRACTICE ANOTHER Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. If you deposit $200 each month, how much will you have toward the purchase of a boat after three years? (Round your answer to the nearest cent.) $ eBook 6. [-/1 Points] DETAILS CRAUDQL3 4.3.019A. MY NOTES PRACTICE ANOTHER You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4200 per month. You have access to an account that pays an APR of 8.4% compounded monthly. What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.) $ eBook