Question 9 (2 points) of 1 Drill Problem 12-16 Brian Costa deposited $20,000 in a new savings account at 12% interest compounded semiannually. At the beginning of year 4, Brian deposits an additional $30,000 at 12% interest compounded semiannually. At the end of 6 years, what is the balance in Brian's account? aved age 1: 1) $83,432.11 2) $82,797.85 3) $79,295.00 a B 4 56 4) some other amount Save 11 12 Question 10(2 points) Drill Problem Adjusted The title of an article that appeared in the December/January 1998 issue of Your Money was "Many Families Don't Think about the Future Cost of Colleg. Today, Harvard may cost $120,000 for 4 years, but 20 years from now it may cost $385,000. How much should you put away today to send your child to Harvard in 20 years, if Your Bank is compounding interest annually at 6% 14 15 end aved Response nsaved Response fo Item 1) $120,043 2) $175,000 3) $143.374 4) some other amount Save Question 11 (2 points) Drill Problem Adjusted The November 1997 issue of Money stated that Robert Feeney, a retired engineering professor at California State Polytechnic, has a nest egg of $92.000. He decides to put his money in his local bank which compounds interest quarterly at an interest rate of 4%. How much interest will he earn over the next ten years? Use tables in the Business Math Handbook 1) $346.692.00 2) $44.978.80 3) $44.178.40 4) some other amount Save