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PLEASE TAKE NOTE OF HOW THE TEACHER WANTS THE ANSWER AND HOW MANY DECIMAL PLACES ARE REQUIRED BEFORE GIVING ANSWER. THANKS You need $15,000 in

PLEASE TAKE NOTE OF HOW THE TEACHER WANTS THE ANSWER AND HOW MANY DECIMAL PLACES ARE REQUIRED BEFORE GIVING ANSWER. THANKS image text in transcribed
image text in transcribed
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You need $15,000 in eight years for your child's college tuition. Similar investments earn 7.50% interest compounded annually. How much must you invest today to reach your savings goal? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $, percentages as percentages using %, etc. You have $15,000 saved. You need $35,000 in four years. What interest rate must you earn to achieve your savings goal if interest is earned semiannually? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $, percentages as percentages using %, etc. You have $25,000 to invest today. Similar investments earn 6% interest compounded monthly. How much will your investment be worth after ten years? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc. You have $25,000 to invest today. Similar investments earn 6% interest compounded monthly. How much will your investment be worth after ten years? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc. You need $4,200 in four years. Similar investments earn 6% interest compounded semiannually. How much must you invest today to reach your savings goal? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc

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