Answer each question correctly

1. [-/1.66 Points] DETAILS MY NOTES AUFQR1 4.1.006.MI. ASK YOUR TEACHER PRACTICE ANOTHER You deposit $750 in an account paying an annual simple interest rate of 7.7%. Find the future value of the investment (in dollars) after 1 year. $ Need Help? Read It Watch It Master It Submit Answer 2. [-/1.66 Points] DETAILS MY NOTES AUFQR1 4.1.008. ASK YOUR TEACHER PRACTICE ANOTHER You deposit $1,400 in an account earning an annual interest rate of 10.5%. Calculate the simple interest earned in 8 months. $ Need Help? Read It Watch It Submit Answer 3. [-/1.66 Points] DETAILS MY NOTES AUFQR1 4.1.011. ASK YOUR TEACHER PRACTICE ANOTHER Calculate the simple interest due (in dollars) on a 150-day loan of $4,600 if the annual interest rate is 4.25%. (Use 360 days in 1 year. Round your answer to the nearest cent.) Need Help? Read It Submit Answer 4. [-/1.66 Points] DETAILS MY NOTES AUFQR1 4.1.013. ASK YOUR TEACHER PRACTICE ANOTHER A sum of $11,000 is borrowed for 160 days at an annual simple interest rate of 9%. Calculate the maturity value (in dollars). (Use 360 days in 1 year.) $ Need Help? Read It Submit Answer 5. [-/1.66 Points] DETAILS MY NOTES AUFQR1 4.1.014. ASK YOUR TEACHER PRACTICE ANOTHER Find the future value (in dollars) of a 2-year investment of $6,525 into a simple interest rate account that has an annual simple interest rate of 3.7%. $ Need Help? Read It Submit Answer 6. [-/1.7 Points] DETAILS MY NOTES AUFQR1 4.1.015. ASK YOUR TEACHER PRACTICE ANOTHER If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty. Suppose you invested $7000 in a one-year certificate of deposit paying 8.5% interest. After 6 months, you decide to withdraw $7000. Your interest penalty is 3 months simple interest on the $7000. What interest penalty do you pay? (Round your answer to two decimal places.) $ Need Help? Read It Watch It