BOND FUND The community college where Roman Rodriguez works has an endowment funded by alumni and business owners in the community. The manager of the endowment invested $500,000 in a bond fund yielding 6% compounded semiannually. Find (a) the interest for the first year and (b) the future value of the account in 8 years.

A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value of your investment after 5 years?

Bob makes his first $600 deposit into an IRA earning 7.2% compounded annually on his 24th birthday and his last $600 deposit on his 43rd birthday ​(20 equal deposits in​ all). With no additional​ deposits, the money in the IRA continues to earn 7.2% interest compounded annually until Bob retires on his 65th birthday. The amount in the IRA when Bob retires is ​$enter your response here. ​(Round to the nearest cent as​ needed.)

You bought a bond with 8% coupon rate, 10 year maturity, and $1000 par value for $1,039 one year ago. Today the bond has a price of $901. If you sell the bond today, what is your return on the investment?

You deposit $850 in an account paying an annual simple interest rate of 7.7%. Find the future value of the investment (in dollars) after 1 year.

Andrew deposits $503.81 each month into an annuity account for his child's college fund in order to accumulate a future value of $90,000 in 12 years. How much of the $90,000 will Andrew ultimately deposit in the account, and how much is interest earned? Total deposited: $17,451.36 Interest earned: $72,548.64 Total deposited: $72,548.64 Interest earned: $90,000 Total deposited: $90,000 Interest earned: $17,451.36 Total deposited: $72,548.64 Interest earned: $17,451.36

Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per year, compounded monthly, what is the price of the ring?

Fritz Benjamin buys a car costing $6600. He agrees to make payments at the end of each monthly period for 4 years. He pays 6.0% interest, compounded monthly. (a) What is the amount of each payment? (b) Find the total amount of interest Fritz will pay. (a) Fritz's monthly payment is $. (Round to the nearest cent as needed.) (b) Fritz will pay a total of $ in interest. (Round to the nearest cent as needed.)

Louie has $825,000 in a retirement annuity that pays 2% compounded quarterly. How much can he receive each quarter for the next 30 years? $3029.36 O $6875.00 O $8250.00 O $9159.19

4 Tony wants to buy a Scooter that costs $1500. He deposits $1000 in a bank that pays 7.5% interest compounded quarterly. Determine after how many years he will be able to buy the scooter.