Match each scenario to the type of problem it relates to.

Question 9 options: 1.Annuity 2.Compounding Interest Continuously 3.Loan 4.Simple Interest. 5.Compounding Interest Discretely

	A deposit of $300 is made into an account that compounds interest continuously with an annual rate of 6%. How much is in the account after 15 months?
	A deposit of $200 is made into an account each month for the next twenty year. The account has an annual rate of 5% compounded monthly. How much money is in the account after twenty years?
	How long does it take a deposit of $500 to double if it is invested into an account that has an annual rate of 6.3% compounded daily.
	You inherit $50,000 from a long lost relative. If you wish to use that money to offset living costs while going to college, then what is the maximum you can withdraw each month if the money is in an account that has an annual rate of 3.7% compounded monthly?
	You deposit $2,000 into an account and plan to give it to your child in 18 years for their college education. If the money is in an account that earns an annual rate of 5.4% compounded annually, then how much is in the account after 18 years?
	A payday loan company offers a $200 two week loan with a fee of $15. Find the equivalent annual simple interest rate for an investment that would pay $15 in interest for a $200 deposit over two weeks.
	What are the monthly payments for a home purchased for $300,000 with a loan that has an annual rate of 3.9% compounded monthly for thirty years?
	You wish to withdraw $100 each week from an account for the next 30 years. If the account has an annual rate of 4% compounded weekly, then how much is needed at the beginning to fully deplete the account at the end of the 30 years?

Sam loaned $15,000 to his brother to make a down payment on a new home. Five years later, he paid her back the $15,000 along with an interest of $2000. If the interest that was collected was simple interest, what was the annual interest rate? Round answer to two decimal places.

Tine placed $3,500 into a savings account that compounds interest quarterly with an annual rate of 2.79%. How much will be in the account after 2 years?

Rounds your answer to two decimal places.

Shaun deposits $3,000 into an account that has an annual rate of 2.9% compounded continuously. How much is in the account after 2 years and 9 months? Round your answer to two decimal places.