Question: Need some help with these practice questions, thanks! 9. [l0.83 Points] HARMATHAP11 6.2.023. MY NOTES ASK YOURTEACHER PRACTICE ANOTHE Which investment will earn more money,

Need some help with these practice questions, thanks!

Need some help with these practice questions,
9. [l0.83 Points] HARMATHAP11 6.2.023. MY NOTES ASK YOURTEACHER PRACTICE ANOTHE Which investment will earn more money, a $5000 investment for 3 years at 10% compounded annually or a $5000 investment for 8 years compounded continuously at 9%? O 10% compounded annually 0 9% compounded continuously MY NOTES I I ASK YOUR TEACHER PRACTICE ANOTHE 10. [-l0.83 Points] HARMATHAP11 6.2.025. Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) 6.8% compounded monthly I: \" (b) 7% compounded continuously :% 11. [-l0.83 Points] HARMATHAP11 6.2.040. MY NOTES I l ASK VOUR TEACHER PRACTICE ANOTHE To help their son buy a car on his 16th birthday, a boy's parents invest $7900 on his 10th birthday. If the investment pays 7% compounded continuously, how much is available on his 15th birthday? (Round your answer to the nearest cent.) $: 12. [-/D.87 Points] HARMATHAP11 6.2.046. ASK YOURTEACHER PRACTICE ANOTHE Suppose Patrick Goldsmith deposited $1000 in an account that earned simple interest at an annual rate of 6% and left it there for 5 years. At the end of the 5 years, Patrick deposited the entire amount from that account into a new account that earned 6% compounded quarterly. He left the money in this account For 5 years. How much did he have after the 10 years? (Round your answer to the nearest cent.) 3

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