Question 1 You deposit $500 in an account earning 4% compound interest for 5 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. PAY CHY N I/Y Frequency Annually 26 93 Semiannually 36 Quarterly Monthly Daily 96 PV PMT FV Interest Earned Frequency Annually: $ Semiannually$ $ $ $ Quarterly 5 s $ $ $ Monthly Daily $ Question Help: Video Check Answer A MacBook Pro % 2 3 $ 4 5 6 & 7 8 9 Q W E R T Y U O S D F G H J Question 2 An amount of $3,880 is deposited into an account earning 4% interest compounded quarterly. How much will be in the account in 5 years and 3 months? Round your answer to the nearest cent. PNY = CNY = N= 1/4 = PV = PMT = FV = Check Answer 20 AC MacBook Pro *** 1 2 # 3 $ 4 & 7 5 6 8 W E R T Y U I S D F G H J A deposit of $3,800 is made on June 13, 2016. What is the future value of the deposit on November 20,2019, if the interest is 3.36% compounded quarterly. Round the values for Years and N to four decimal places. Round the value for FV to two decimal places. PN = CNY = DBD = days Years N= 1/4 = % PV = $ PMT = $ FV = $ Check Answer 20 MacBook Pro ! @ & 2 3 $ 4 5 6 7 8 9 W E R T T Y A S D | G . J An investment with an initial deposit of $2,684 is growing at an interest rate of 5.99% compounded semi-annually. Round all answers to two decimal places if necessary. 1. Find the accumulated amount of the investment at the end of 3 years. PN CNY N = IY PV = $ PMT $ FV = 5 2. The interest rate changes to 7.78% compounded quarterly after the first 3 years. Calculate the accumulated amount in this investment at the end of year 7. PNY CNY = N= IY PV = $ PMT = $ FV-5 3. Find the total amount of interest accumulated during the entire 7 years of the investment. Total Interests (enter a positive value) Check Answer 20 @ % 2 W* $ 4 & 5 6 7 00 9 W E R T Y U S D F G H J What is the discounted value, and compound discount of a debt of $124,500 due 7 years from now if interest is 3.91% compounded semi-annually? PN- CNY = N= I/Y = PV = $ PMT=$ FV = $ Compound Discount = $ Check Answer 20 ! 2 # 3 $ 4 5