Question: Can you please help #7?Need explanation A = P(1 + rt) A = P(1 +r)me A = Pert FV = PMT (1+1)-1] i =. m

Can you please help #7?Need explanation

A = P(1 + rt) A = P(1 +r)me A = Pert FV = PMT (1+1)"-1] i =. m n = mt PV = PMT 1-(1+1)- 7. [2] Consider a compound interest account with nominal interest rate 2.3%, compounded monthly. How much money is needed to initially deposit into the account in order to obtain $5000 in the account after int after 4 years? . Part [1] If $100 is placed in a continuous compound interest account with annual interest rate 0.6%, how much will be in the account after 700 years? A- POS = Pe (.6) (700) 1275.40 [2] Suppose deposit $50 each month into a compound interest account with annual interest rate 1.4%, compounded monthly. How much money will be in the account after 3 years? 2,1] Suppose we take out a $16,000 loan with nominal interest rate 3.6%, compounded monthly. a. How much will our monthly payments be in order to pay off the loan after 4 years? b. How much interest will we pay on the loan in total? C. How much will the loan be worth after one payment? You may use an amortization schedule if y

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