Question: Part 3) This is a 6 part question, please answer the following... 1- Use simple interest to find the ending balance: $6,400 at 3.9% for

Part 3) This is a 6 part question, please answer the

Part 3) This is a 6 part question, please answer the following...

1- Use simple interest to find the ending balance: $6,400 at 3.9% for 5 years

Show your work.

A: $1248

B: $6487

C: $7648

D: $8467

2- Determine the amount of interest earned on a $10,400 investment if it is invested at 3% annual interest compounded for 7 years. Show work.

3- Blair has $8,100 in the bank. The account will earn 3.8% in simple interest for the next 5 years. How much interest will Blair earn? Show your work.

4- Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded monthly. How much does Caroline need to invest? Round to the nearest dollar.

5- Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly for 30 years. Use a TMV calculator to solve.

6- What will a deposit of $1200 at 7.85% compounded semiannually be worth if left in the bank for six years? Use the TMV calculator to fill in the table.

following... 1- Use simple interest to find the ending balance: $6,400 at

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