Refresh Quiz Grade Quiz 1 Show your work in this area If $8,527 is invested today in a savings account at an annual interest rate compounded annually of 8.53% the balance in the account 3 years hence will be: 8.53% 3 8527 Place your answer in this cell => Please be sure your answer is positive 2 The present value of $35,271 due 8 years from today when the annual interest rate of 9.89% is compunded annually is Show your work in this area 9.89% 35271 8 Place your answer in this cell => Please be sure your answer is positive 3 The present value of $6,163 to be received 11 years from today at an annual rate of 12.53% compounded quarterly is: Show your work in this area 12.53% 6163 11 Place your answer in this cell => Please be sure your answer is positive 4 Show your work in this area Your uncle deposits $617 per month for 12 months in an account paying interest of 2.53% per year compounded monthly The payments begin one month from today. At the end of 36 months the balance in your account is: 2.53% 617 12 36 Place your answer in this cell => Please be sure your answer is positive 5 Your company wishes to fund an annuity that will pay $2,632 per month for years, starting one month from today. If the annual interest rate compounded monthly is 3.19% your deposit should be approximately: Show your work in this area 2632 6 0.0319 Place your answer in this cell => Please be sure your answer is positive Refresh Quiz Grade Quiz 1 Show your work in this area If $8,527 is invested today in a savings account at an annual interest rate compounded annually of 8.53% the balance in the account 3 years hence will be: 8.53% 3 8527 Place your answer in this cell => Please be sure your answer is positive 2 The present value of $35,271 due 8 years from today when the annual interest rate of 9.89% is compunded annually is Show your work in this area 9.89% 35271 8 Place your answer in this cell => Please be sure your answer is positive 3 The present value of $6,163 to be received 11 years from today at an annual rate of 12.53% compounded quarterly is: Show your work in this area 12.53% 6163 11 Place your answer in this cell => Please be sure your answer is positive 4 Show your work in this area Your uncle deposits $617 per month for 12 months in an account paying interest of 2.53% per year compounded monthly The payments begin one month from today. At the end of 36 months the balance in your account is: 2.53% 617 12 36 Place your answer in this cell => Please be sure your answer is positive 5 Your company wishes to fund an annuity that will pay $2,632 per month for years, starting one month from today. If the annual interest rate compounded monthly is 3.19% your deposit should be approximately: Show your work in this area 2632 6 0.0319 Place your answer in this cell => Please be sure your answer is positive
