1. Charla would like to save $14,000 for a down payment for her first house. She currently has $11,000. At what interest rate, compounded quarterly, would she need to invest her money in order to have the required $14,000 in 5 years? Round your final answer to the nearest hundredth of a percent.[use correct formula; plug in correct values; show all work; correct answer with unit]

2. a. A car with an initial value of $35,000 depreciates exponentially. The value of the car after 4 years is estimated to be $16,000.a.Write a exponential function to model the value of the car after t year b. What does your model predict the value of the car to be after 10 years? Round your final answer to the nearest dollar.[use correct formula, plug in correct values; show all work; correct answer with unit]

2. A car with an initial value of $35,000 depreciates exponentially. The value of the car after 4 years is estimated to be $16,000. a. Write an exponential function to model the value of the car after t years. [use correct formula] b. What does your model predict the value of the car to be after 10 years? Round your final answer to the nearest dollar. [ plug in correct values; show all work; correct answer with units]Directions: Work out these problems on scratch paper first, then write your final answers by hand on these pages. Show all work, and answer each question that is asked. Explanations should be given in complete sentences. All graphs should be drawn accurately on this sheet and be fully labeled. Staple all pages together. 1. Charla would like to save $14,000 for a down payment for her first house. She currently has $11,000. At what interest rate, compounded quarterly, would she need to invest her money in order to have the required $14,000 in 5 years? Round your final answer to the nearest hundredth of a percent. [use correct formula; plug in correct values; show all work; correct answer with units]