webassign.net Assignment Scoring Your last submission is used for your score. PREVIOUS ANSWERS ROLFFMB 5.1.020 Find the interest rate. (Round your final answer to the nearest percent.) P = $45, I = $0.75, t= 2 months -x % 1. [0/1 Points] ASK YOU R TEACHER 2. [-11 Points] ROLFFMB 5.1.014. ASK YOU R TEACHER (See Example 3) How much was borrowed for the loan? (Round your answer to the nearest cent.) I = $26.35, I = 6.5%, t = 9 months $:J 3. [-12 Points] ROLFFMB 5.2.012. ASK YOU R TEACHER $2100 is invested at 8% annual rate. (See Example 4. Round your answers to the nearest cent.) (a) Find the amount at the end of 2 years if the interest is compounded annually. * [:1 (b) Find the amount at the end of 2 years if the interest is compounded semiannually. *C] (c) Find the amount at the end of 2 years if the interest is compounded quarterly. $:] 4. [-11 Points] ROLFFMB 5.2.025. ASK YOUR TEACHER Alex expects to graduate in 3.5 years and hopes to buy a new car then. He will need a 20% down payment, which amounts to $5400 for the car he wants. How much should he save now to have $5400 when he graduates if he can invest it at 6% compounded monthly? (Round your nal answer to two decimal places.) $:] 5. [-11 Points] ROLFFMB 5.3.006. ASK YOUR TEACHER Determine the amount of the ordinary annuity at the end of the given period. (Round your nal answer to two decimal places.) $500 deposited quarterly at 6.4% for 8 years sl:] 6. [-11 Points] ROLFFMB 5.3.015. ASK YOU R TEACHER The amount (future value) of an ordinary annuity is given. Find the periodic payment. (Round your nal answer to two decimal places.) A = $14,500, and the annuity earns 3% annual interest compounded monthly for 1.0 years. $:J 7. [-11 Points] ROLFFMB 5.3.039. ASK YOUR TEACHER $200 is deposited monthly into an ordinary annuity that earns 1.4% per month compounded monthly. Find the amount at the end of 20 months. (Round your final answer to two decimal places.) $l:] 3. [-11 Points] DETAILS ROEEEM! 5...!015 I EV NOTES ASK YOUR TEACHER l