questions 14-18

3 /4 67% + Question 14 Cassidy Hemlock spends $80 a month on doughnuts and coffee and is considering the advantages of quitting that habit. If Cassidy just turned 22 and deposits the $80 at the beginning of each month Into a savings plan earning 5.85% compounded monthly, how much will she have In her savings plan at age 75, after her final deposit? $346,994.26 $345,310.87 $50,880 $310,643.10 Question 15 Sage Monet Is going to deposit $625 into a savings plan. She will then deposit an additional $475 each quarter (starting In 3 months) for 30 years. If Sage can earn 4.685% compounded quarterly, what will her balance be In 30 years? $19,335.90 $2,608,635.81 $127,439.29 $125,993.20 Question 16 135 years ago, your great-great grandmother lost $75 playing bingo In Oley, Pennsylvania. If she had not been tempted to gamble on bingo, but Instead had deposited the $75 in a savings account earning 2.45% compounded annually, how much would be in the account now? $1,645.66 $77,293.27 $1,968.69 $77.52 Question 17 Calculate the account balance for $1,000 left on deposit for 210 days earning 4.9% compounded daily Assume there are 365 days per year. $1,026.95 $1,083.59 $1,028.59 $23,059.63 Question 18 Fred Gridlock just turned 30 and can set aside $750 in a savings plan at the end of each 6 months. If Fred can earn 8.5% compounded semiannually, how much will he have when he turns 66? $335,657.24 $349,922.67 $3,128,674.68 $61,313.57 M O