What is n for the following compounding periods? (a) quarterly n = (b) semiannually n = (c) monthly n = (d) daily n = Need Help? Read It Watch It Submit Answer 2. [-/2 Points] DETAILS MY NOTES SMITHPOW10 7.5.012. Compare the future amounts (A) you would have if the money were invested at simple interest and if it were invested with annual compounding. (Round your answers to the nearest cent.) $8,200 at 15% for 25 years simple interest A = $ compound interest A = $ Need Help? Read It Watch It Submit Answer 3. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.031. Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $529 at 3.5% compounded semiannually for 8 years $ Need Help? Read It Watch It 4. [-/6 Points] DETAILS MY NOTES SMITHPOW10 7.5.033.EP. Consider the future value of the following. $852 at 5.5% compounded quarterly for 3 years Give the future value for compound interest formula, where A is the future value in dollars, P is the present value in dollars, r is the annual interest rate as a decimal, n is the number of compounding periods each year, and t is the time in years. A = Determine the following values. P = r = n = t = Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Submit Answer 5. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.036. Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $3,190 at 9.8% compounded monthly for 10 years $ Need Help? Read It Watch It Submit Answer 6. [-/4 Points] DETAILS MY NOTES SMITHPOW10 7.5.043. Find the cost of each item in 3 years, assuming an annual inflation rate of 4% (compounded annually). (Round your answers to the nearest cent.) (a) cup of coffee, $1.93 $ (b) Sunday paper, $1.25 $ (c) Big Mac, $2.15 $ (d) gallon of gas, $2.63 $ Need Help? Read It Watch It Submit Answer 7. [-/4 Points] DETAILS MY NOTES SMITHPOW10 7.5.044. Find the cost of each item in 11 years, assuming an annual inflation rate of 8% (compounded annually). (Round your answers to the nearest cent.) (a) movie admission, $12.00 $ (b) CD, $16.15 $ (c) textbook, $100.00 $ (d) electricity bill, $175.00 $ Need Help? Read It Submit Answer 8. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.047. How much would you have in 8 years if you purchased a $1,000 8-year savings certificate that paid 3% compounded quarterly? (Round your answer to the nearest cent.) $ Need Help? Read It Submit Answer 9. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.049. Find the cost of a home in 30 years, assuming an annual inflation rate of 4% (compounded annually), if the present value of the house is $215,000. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Submit Answer 10. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.052. Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $30,000 in 30 years. What is the comparable annual salary today, assuming an annual inflation rate of 6% (compounded annually)? (Round your answer to the nearest cent.) $ Need Help? Read It Submit Answer 11. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.5.054. Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $274,000 in 30 years. What is the comparable annual salary today, assuming an annual inflation rate of 5% (compounded annually)? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Submit Answer PRA PRA PRA PRA PRA