Statistics

0' Find the compound amount for the deposit and the amount of interest earned. $14,000 at 7% compounded monthly for 15 years Find the present value (the amount that should be invested now to accumulate the lollowing amount) ifthe money is b compounded as indicated. $3000 at 9% compounded semiannually for 2 years The present value is $ ' Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8400 at 7% compounded quarterly for 2 years The present value is $ Celeste Nossiter borrowed $5900 from her father to buy a used car. She repaid him aer 5 months. at an annual interest rate of 5.3%. Find the total amount she repaid. How much of this amount is interest? E) The total amount she repaid is SD. Of this amount. $D of it is interest. a penalty at 8.2% interest for the 44 days the money was late. Find the total amount (tax and penalty) that was paid. An accountant for a corporation forgot to pay the rm's income tax of $725,760.65 on time. The government charged ' Assume 355 days in a yean The total amount paid was $ll. Upon graduation from college, Warren Roberge was able to defer payment on his 530.000 student loan for 3 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 3.41% compounded monthly. what will the principal amount be when he must begin repaying his loan? The principal amount witl be 5:]