a)

b)

c)

d)

e)

f)

g)

h)

I )

Parents wish to have $150,000 available for a child's education. If the child is now 10 years old, how much money must be set aside at 8% compounded semiannually to meet their financial goal when the child is 18? Click the icon to view some finance formulas. The amount that should be set aside is $ (Round up to the nearest dollar.) You deposit $4000 in an account that pays 6% interest compounded semiannually. After 4 years, the interest rate is increased to 6.52% compounded quarterly. What will be the value of the account after a total of 8 years? Click the icon to view some finance formulas. .... The value of the account will be $0. (Round to the nearest dollar as needed.) At the time of her grandson's birth, a grandmother deposits $9000 in an account that pays 4% compounded monthly. What will be the value of the account at the child's twenty- first birthday, assuming that no other deposits or withdrawals are made during this period? Click the icon to view some finance formulas. The value of the account will be $ (Round to the nearest dollar as needed.) How much more would you earn in the first investment than in the second investment? $24,000 invested for 30 years at 12% compounded annually $24,000 invested for 30 years at 6% compounded annually Click the iron ta via sama finanna farmi les You would earn $ more on the first investment than in the second investment. (Round to the nearest dollar as needed.) How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $11,000 in three years? Click the icon to view some finance formulas. The amount of money that should be deposited is $ (Round up to the nearest cent.) Find the accumulated value of an investment of $25,000 for 6 years at an interest rate of 4% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. Click the icon to view some finance formulas. .... a. What is the accumulated value if the money is compounded semiannually? $ (Round your answer to the nearest cent.) Time The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $3500 Rate 6.5% Compounded daily 3.5 years A. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.) B. Find the interest earned. .... A. The amount of money in the account after 3.5 years is $ (Round to the nearest hundredth as needed.) Enter your answer in the answer box and then click Check Answer. The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $6500 Rate 5% Compounded quarterly Time 5 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. .... A. The amount of money in the account after 5 years is $ (Round to the nearest hundredth as needed.) Enter your answer in the answer box and then click Check Answer. Rate Time The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $8000 Compounded annually 3% 4 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. A. The amount of money in the account after 4 years is $ (Round to the nearest hundredth as needed.)