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1. [-/1.14 Points] DETAILS HARMATHAP12 6.3.007.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the future value of an ordinary annuity of $7,000 paid quarterly for 3 years, if the interest rate is 6%, compounded quarterly. (Round your answer to the nearest cent.) $1 Need Help? Master It 2. [-/1.14 Points] DETAILS HARMATHAP12 6.3.011. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If $3500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly, after how many quarters will the account contain $60,000? (Round your answer UP to the nearest quarter.) quarters 3. [-/1.14 Points] DETAILS HARMATHAP12 6.3.013. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Twins graduate from college together and start their careers. Twin 1 invests $2000 at the end of each year for 10 years only (until age 35) in an account that earns 7%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 7% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.) $ Submit Answer 4. [-/1.14 Points] DETAILS HARMATHAP12 6.3.017. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the future value of an annuity due of $6,000 paid at the beginning of each 6-month period for 9 years if the interest rate is 4%, compounded semiannually. (Round your answer to the nearest cent.) $ 5. [-/1.14 Points] DETAILS HARMATHAP12 6.3.020. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 5.8%, compounded semiannually, so that the account will have a future value of $190,000 at the end of 17 years? (Round your answer to the nearest cent.) $1