1) How much compound interest is earned on a deposit of $3100 at 0.75% compounded daily for 45 days? A) $3102.87 B) $2.87 C) $3.79 D) $1.94

b $5000 at 3% compounded annually for 10 years A) $1500.00 B) $1719.60 C) $1350.00 D) $1523.87

c. $1370 at 3% compounded annually for 10 years A) $471.17 B) $411.00 C) $417.54 D) $369.90

d. Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will cost $26,000. What lump sum should be invested today at 4% compounded semiannually, to yield $26,000? A) $23,531.54 B) $23,649.29 C) $21,329.10 D) $24,611.99

e. What is the compound interest on $3200 invested at 1.25% for 45 days if it is compounded daily? A) $8.02 B) $4.94 C) $6.48 D) $3204.94