An account today is credited with monthly interest thereby bringing the account balance to $6,660. The interest rate is 6.60% compounded monthly. You plan to make monthly withdrawals of $55 each. The first withdrawal is in exactly one month and the last in exactly 12 years. Find the account balance immediately after the last withdrawal. Question 18Select one: a. $3516 b. $3197 c. $2906 d. $2642 e. $2402

1. If $100 is deposited today in an account paying 9 percent compound annual interest, how much will be in the account at the end of 4 years? (A) $70.84 (B) $141.16 (C) 323.97 (D) $457.31 2. If Bill deposits $8,000 today in an account that pays 3% compound annual interest, how long will it take for the account to reach $10,000? (A) 3.77 years (B) 4.58 years (C) 6.12 years (D) 7.55 years 3. How much money do you need to deposit today in a savings account earning 9 percent compound annual interest if your goal is to accumulate $10,000 at the end of 4 years. (A) $3,086.71 (B) $7,084.25 (C) $7,721.83 (D) $14,115.82 4. John needs to accumulate $25,000 in a savings account over the next 5 years.  He can make five annual deposits of $4,000 starting today.  What compound annual rate of return must the account earn in order for John to meet his goal? (A) 5.00% (B) 6.12% (C) 6.67% (D) 7.53% 5. If $1,000 is deposited into a savings account at the beginning of each of the next 4 years starting…

G what is it called 11. Use Figure 5.5. On March 20, Paul Herzog deposited $1,000 into his savings account that pays 5.5% interest compounded daily. How much interest will the money earn by April 20? * Figure 5.5 Elapsed Time Table March Apr. May June Day No. 17 18 19 20 21 22 23 24 25 Jan. 17 18 |19 20 21 22 23 24 25 Feb. 48 49 50 51 52 53 54 55 76 107 137 168 77 108 138 169 78 109 139 170 79 110 140 171 80 111 141 172 81 112 |142 173 82 113 143 174 83 114 144 175 56 84 115 145 176 Compounded Interest Amount of S1.00 at 5.5% Compounded Daily, 365 Day Year Amount 1.00316 Day 31 32 33 34 Amount Day 21 1.00468 1.00483 1.00498 1.00513 1.00528 1.00331 1.00347 23 24 1.00362 1.00377 25 35

Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.