Question: 14. Barbara Waters signed a simple discount note for $15,000 for 120 days at a rate of 9%. Find (a) the bank discount 15. Compound

14. Barbara Waters signed a simple discount note for $15,000 for 120 days at a rate of 9%. Find

(a) the bank discount

15. Compound Interest

In each of these problems, round to the nearest cent. Find the compound amount and the interest earned for the following.

16. A local branch of Gamestop, Inc., deposited $12,500 in a savings account on July 3 and then deposited an additional $3450 in the account on August 5. Find the balance on October 1 assuming an interest rate of 3 % compounded daily.

** to answer in words/ excel please. hand written is hard to read** thanks

Time (Years) Compound Amount Interest Earned Amount Rate 1. $8700 10% 8 2. $12,000 6% Compounded annually semiannually semiannually quarterly 5 3. $9800 6% 5 4. $12,500 10% 4

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