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please show all work; very lost on this module Show all work to earn full credit. Give exact answers when possibie, or round to the
please show all work; very lost on this module
Show all work to earn full credit. Give exact answers when possibie, or round to the nearest thousandth if necessary. Totat possible points is 31 . 1. Determine the vatue of a $11,000 investrment after tho given time, inferest rate, and given compounding periods. (3 points etech) a) 4.5% APR compounded monthly for 75 years 1a b) 3,1\% APR compounded semiannually for 6 years and 3 months. 16 c) 5.7% APR compounded continuously for 18 months 10. 2. John decides to invest money for a new car. He knows he can invest at a 5,7% APR, compounded monthly, and would like to have $29,000 after 5 years. (3 points each) a) How much money will he need to invest to earn $29,000 in 5 years? 2a. b) Determine the APY (Annual Percent Yield) for the account. 2b. c) Determine the 5 -year percent change for the account. 2c. 3. Evaluate the given logarithms without a calculator. Show your work! ( 2 points each) a) log464+log48 3a b) 21log3813log381 3b Step by Step Solution
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