BookmarksWindow Help Assignment Problems On the day Harry was born, his parents put $1200 into an investment account that promises to pay a fixed interest rate of 6 percent per year. How much money will Harry have in this account when he turns 21 (round to nearest S1)? 1. At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years? 2. 3, How much money must be put into a bank account yielding 6.42% (compounded 4. Biff deposited $9,000 in a bank account, and 10 years later he closes out the account, 5, How much money do I need to place into a bank account that pays a 1.08% rate in order annually) in order to have S$1,671 at the end of 11 years (round to nearest S1)? which is worth $18,000. What annual rate of interest has he earned over the 10 years? to have $500 at the end of 7 years (round to nearest S1)? 6. Your grandparents deposit $2,000 each year on your birthday, starting the day you are bor, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit (round to nearest $1)? Auto Loans R Them loans you $24,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The annual interest rate on the loan is 9 percent. What is the monthly payment (round to nearest S1)? 7. 8. Your company has received a $50.000 loan from an industrial finance company. The annual payments are S6,202.70. If the company is paying 9 percent interest per year, how many loan payments must the company make (round to nearest $1)? 9. You are ready to retire. A glance at your 401(k) statement indicates that you have 0 FS sk