Retum this question to its initial state

column.

interest rates will be calculated and the precise unrounded values will be stored in the applet for future reference. Even when rounded values are displayed, the precise values are saved in the background.

If you decide not to use the spreadsheet, remember that you should not round intermediate steps and only round final answers.

Chambers and Crane Credit Union $($CCCCU$)$ offers customers five different savings account options:

Account $1$ offers an APR of $11\mathrm{.}678\%,$ compounded monthly.

Account $2$ offers an APR of $10\mathrm{.}707\%,$ compounded weekly.

Account $3$ offers an APR of $8\mathrm{.}674\%,$ compounded daily.

Account $4$ offers an APR of $10\mathrm{.}122\%.$ compounded annually.

Account $5$ offers an APR of $9\mathrm{.}164\%,$ compounded quarterly.

Use this account information to answer the questions below. Round all dollar amounts to the nearest cent $(2$ decimal places$).$

in column $E.$

$($b$)$ Sam is planning to open a bar and grill in Boston, MA$,$ in $8$ years. Sam chooses Account $1$ at CCCU and deposits $$96,500.$ At the end of $8$ years. Sam will have a total of In total, Sam will earn in interest.

rounded to the nearest whole number of days $($using $365$ days per year$).$

Coach will need to wait for a time of $t$~~

years, which rounds te

days.

rate at Howe's I$8$ was approximately $,($round the percentage to $3$ decimal places$).$