The financial applications 1-save for a motorcycle, Abdul deposited $2000 into an account that eamed 5 4% per year, compounded semi-annually a) How much would the investment earn in the years b) How much interest is earned 2-Lucy received $4300 as a graduation gift. She wants to invest this money and some of her savings in a savings plan that offers 4.8% per year, compounded quarterly. She would like to have 520 000 after 20 years a) How much does Lucy need to invest today to reach her goal b) How much money does Lucy need to add from her savings 3. A $1000 investment as interest a 4% per year, compounded quarterly How long will it take to double the value of the investment? 4. if $4000 is invested for 10 years, what annual interest rate, compounded semi-annually, would double the money? 5.How much can you afford to borrow if you can make and the interest rate is 7.3 compounded monthly What is the amount of interest would you pay to the bank? 6. You borrow $21:345 to buy a car. What is the monthly payment if you agree to pay it back with regular monthly payment for 6 years. The interest is 6.45% compounded monthly. A) How much is each payment? B)What is the amounts of interest would you pay to the bank?. 7. deposit $1000 an accant plying 62% the dech iw 15 years. The Inres is competed by a)What is the amount in the account on the day of your last payment? B)how much interest will you earn? 8.How much do you need to deposit at the end of each quarter into an account paying 8.3%/ a compounded quarterly if you want to have $5000 in 5 years? 9. Anisha obtains a small business loan for $6500 to start her roofing business. She cany loan in 24 months or 36 months. She is charged interest at 6.2% per year compounded monthly. a) How much more will Anisha pay each month if she repays the loan in 24 months instead of 36 months? b) How much interest will Anisha save if she repays the loan in 24 months instead of 36 months