You are going to deposit $3,400 in an account that pays.60 percent interest per quarter. How much will you have in 5 years? Multiple Choice $3,836.37 $3,809.26 $3,832.11 $3,855.11 $3,828.06 You Save Bank has a unique account. If you deposit $5,000 today, the bank will pay you an annual interest rate of 3 percent for 6 years, 3.6 percent for 5 years, and 4.3 percent for 9 years. How much will you have in your account in 20 years? Multiple Choice $10,407.61 $8,794.55 $9,030.56 $9,795.57 $7,93723 You need to have $30,000 for a down payment on a house 6 in years. If you can earn an annual interest rate of 3.3 percent, how much will you have to deposit today? Multiple Choice $20.990.26 $24,689.90 $23,984.86 $23,573.11 $23.901.16 A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when it wears out the company wants to establish a savings account today. If the interest rate on the account is 2 percent per quarter and the cost of the machinery will be $345.000, how much will the company have to deposit today? Multiple Choice $251,313.81 $100,702.21 $98,437.47 $99,300.95 You want to have $18,500 in 8 years for a dream vacation. If you can earn an interest rate of 6 percent per month, how much will you have to deposit today? Multiple Choice $10,417.55 $17635.50 $10,607,51 $10,649.05 $10,556.45