Suppose that you want to have a $90,000 retirement fund after 35 years.How much will you need to deposit now if you can obtain an APR of 14.2%, compounded daily?Assume that no additional deposits are to be made to the account.

$624.88

b.$625.49

c.$642.38

d.$862.8

Suppose that you have 15 months in which to save $1800 for a vacation cruise.If you can earn an APR of 3.7%, compounded monthly, how much should you deposit at the end of each month?

a.$117.43

b.$121.78

c.$124.84

d.$132.47

Your savings account pays an APR of 4.3%, compounded annually.If you deposit $500 at the end of each year for 8 years, what will be the accumulated balance in the account?

a.$3325.06

b.$3672.18

c.$4656.65

d.$5023.75

Suppose you want your daughter's college fund to contain $125,000 after 14 years.If you can get an APR of 7.8%, compounded monthly, how much should you deposit at the end of each month?

a.$398.54

b.$406.64

c.$412.50

d.$476.83

Suppose that you invest $18,000 in an account that earns interest at an APR of 3.7%, compounded annually.Determine the accumulated balance after 6 years.

a.$22,474.03

b.$22,466.61

c.$22,451.36

d.$22,384.38