You deposit $7,500 in an account with a 2.75% interest rate…

You deposit $7,500 in an account with a 2.75% interest rate and monthly compounding.  Find the balance in the account after 3 years. DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to two decimal places.

You deposit $7,500 in an account with a 2.75% interest rate…

You deposit $7,500 in an account with a 2.75% interest rate and monthly compounding.  Find the balance in the account after 3 years. DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to two decimal places.

You want to start saving up for a trip to Disney World after…

You want to start saving up for a trip to Disney World after you graduate with your bachelor’s degree in three years.  Your goal is to save $2500, so you decide to start a savings account that earns 3.9% interest compounded quarterly.  How much should you deposit each quarter to meet your goal? DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to two decimal places.

If you invest $9000 in an account at 15% compounded monthly,…

If you invest $9000 in an account at 15% compounded monthly, how long will it take for the investment to double in value? DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to the first decimal place.

Jey can afford a $425 per month car payment.  They have foun…

Jey can afford a $425 per month car payment.  They have found a four-year loan at 2.99% interest.  How expensive of car can Jey afford? DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem.  Round your final answer to two decimal places.