Question: 11. [-/1 Points] DETAILS HARMATHAP12 6.3.018. MY NOTES PRACTICE ANOTHER A house is rented for $6,300 per quarter, with each quarter's rent payable in advance.
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11. [-/1 Points] DETAILS HARMATHAP12 6.3.018. MY NOTES PRACTICE ANOTHER A house is rented for $6,300 per quarter, with each quarter's rent payable in advance. If money is worth 2%, compounded quarterly, and the rent is deposited in an account, what is the future value of the rent for one year? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Show My Work (Optional) Submit Answer 12. [-/1 Points] DETAILS HARMATHAP12 6.3.020. MY NOTES PRACTICE ANOTHER What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 6.6%, compounded semiannually, so that the account will have a future value of $110,000 at the end of 17 years? (Round your answer to the nearest cent.) $ Need Help? Read It Show My Work (Optional) 13. [-12 Points] DETAILS HARMATHAP12 6.3.041.EP. MY NOTES PRACTICE ANOTHER Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in a savings plan that earns 6%, compounded monthly. This savings plan continues for 8 years before new obligations make it impossible to continue. How much money has accrued in the account at the end of the 8 years? (Round your answer to the nearest cent.) If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 23 years after the plan began? (Round your answer to the nearest cent.) $
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