5.
Find the interest earned. Assume 3.5% interest compounded daily.
$975 deposited April 23 and withdrawn June 18
$6.66
$5.25
$5.16
$6.75
6.
Find the present value.
Amount Needed: $12,300
Time (Years): 4
Rate: 4%
Compounded: quarterly
$10,514.04
$11,820.05
$10,332.00
$10,489.69
7.
Find the present value.
Amount Needed: $42,000
Time (Years): 8
Rate: 3%
Compounded: semiannually
$37,283.82
$36,960.00
$33,097.26
$33,155.22
