Question
4. Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer...
4. Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.)
P = $9700, r = 4% compounded daily, t = 4 years
5.Calculate the present value. (Round your answer to two decimal places.)
A = $47,000, r = 7.5% compounded annually, t = 39 years
6. Calculate the present value. (Round your answer to two decimal places.)
A = $30,000, r = 6% compounded monthly, t = 3 years
7. If you leave $1400 in an account earning 8% interest, compounded daily, how much money will be in the account after 3 years? (Round your answer to two decimal places.)
8. What is the future value of $2000 earning 18% interest, compounded monthly, for 4 years? (Round your answer to two decimal places.)
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