INSTRUCTIONS: Solve each of the following problems. Remember to write all procedure in an organized way, including verification in the logarithmic equations. When necessary, aproximate results to 4 decimal places.

6) A person decides to open a savings account with an initial deposit of $10,000. That person has the following alternatives:

-Bank A - account with compound interest rate of 0.50% capitalized monthly.

-Bank B - account with compound interest rate of 1.50% capitalized quarterly.

-Bank C - account with compound interest rate of 2.05% capitalized semiannually.

If the accumulated quantity at the end of 3 years is calculated, which is the best alternative?

(Justify response and show calculations)

7) A student needs $15,000 to buy a car. If the student deposits $11,500 at anual compound interest rate of 1.5% capitalized monthly, in how much will the student have the necessary amount?

8) A person deposited $7,200 in a savings account and were converted to $10,000 at the end of 15 years. If the interest was capitalized semiannually, what is the anual interest rate?

6) Una persona desea abrir una cuenta de ahorro con un depsito inicial de $10,000. La persona tiene las siguientes alternativas: Banco A - cuenta con tasa de inters compuesto del 0.50% capitalizado mensualmente. Banco B - cuenta con tasa de inters compuesto del 1.50% capitalizado trimestralmente. Banco C-cuenta con tasa de inters compuesto del 2.05% capitalizado semestralmente. Si calcula la cantidad acumulada al cabo de 3 aos, qu alternativa le conviene ms? (Justifique su respuesta y muestre los cmputos) 7) Un estudiante necesita $15,000 para comprar un automvil. Si deposita $11,500 a una tasa de inters compuesto anual del 1.5% capitalizado mensualmente, en cunto tiempo tendr la cantidad de dinero que necesita? 8) Una persona deposito $7,200 en una cuenta de ahorros y estos se convirtieron en $10,000 al cabo de 15 aos. Si el inters capitaliz semestralmente, cul es la tasa de inters anual