## Question

# 1.Calculate the accumulated value of $24728.19 at 5.7% compounded quarterly for 10 years. How much of the amount is interest? Calculate to two decimals. Do

1.Calculate the accumulated value of $24728.19 at 5.7% compounded quarterly for 10 years. How much of the amount is interest? Calculate to two decimals. Do not use commas or $ signs.

2.Determine the accumulated value of $4832.19 compounded semi-annually at 12% p.a. for 2 years. Calculate to two decimals. Do not use commas or $ signs.

3.What is the present value of 35481.26 payable in 8 years if the interest rate is 6% compounded monthly? Answer to the nearest cent. Do not use commas or $ signs.

4.A debt can be repaid with payments of 9061 today, 1701 in 2 years and 14683 in 5 years. What single payment will settle the debt 3 years from now if interest is 10.4% compounded quarterly?

5.An investment of $85,560 is accumulated at 6.5% compounded quarterly for 5 years. At that time the interest rate is changed to 8.3% compounded monthly. How much is the investment worth after 8 years? Answer to the nearest cent. Do not use commas or $ signs. Eg. $21,750.54 is entered as 21750.54.

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