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Question 1 Oultole Choice Worth 3 pointri (Continuously Compounded interest MC) A college student pians to take out a 56,000 loan to cover the cost of purchasing a used car. The loan has a 6% annual insereot rato compounded continuounly, with no payments cive for the first twoyears. Deternine the baiance due at the end of the first two years. $6,764.98 $5,183.28 $5,637,58 57.166.65 Question 20utiple Choico Worth 3 points (Continuoutly Compounded interest MC) A colege atudent plans to take out a 56.000 ioan to cover the cost of purchasing a used car if the loan has a 6 Wh armual interest rate compounded continuouser, with no peyments dwe for the fint two years. The student wili pay off the loar was a tump sum atter 15 months Determne how much nterest wa be owed te the student. pays of the loan affer 15 monthe. Question 3 Mumple Choice Worth 3 points) (Continuousiy Compounded interest MC) After 9 years in an account with a 3.9% annual interest rate compounded continuously, an investment is worth a total of \$17.757.16. What is the value of the principal investment? Round the answer to the nearest penny. $8,103.08 $5,256.41 $12.500.75 $12.530.37 Question 4mutiple Choice Worth 3 points) (Continuously Compounded Interest LC) A customer uses a store credit card to purchase a boat for $10,500. The store credit card offers an annual interest rate, compounded continuously, of 18.998 with no payments due for the fist two years. If no payments are made for the two years, what will be the baiance on the card, rounded to the nearest penny? $12.679.59 $12,605.85 515211.62 516, 350.92 Question 5 (Mult plo Cholce Worth 3 points) (Continuously Compounded interest LC) If $15.000 is invested at a rate of 4.75% compounded continuously for 25 yoars, what is the final value of the investment? Round the answer to the nearest penny. $49,183,11 $48,790.55 $34,183,11 532,812.5