What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 11% compounded quarterly? 11% Compounded quarterly $1,200 S2,700 Quarters 0 1 2 3 4 5 6 7 8 %3D 3D A (Deposit) The amount of the quarterly deposits A should be S (Round to the nearest dollar.)

If $11,500 per quarter is invested in an account that earns a nominal annual interest rate of 9% compounded monthly, how much money will be in the account at the end of 4 years? The account will have $- (Round to the nearest dollar.)

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6.

Find the present value of the given future payment at the specified interest rate. 1 $8000 due in 8- years at 8% compounded quarterly 2 The present value is approximately $ (Round to the nearest cent as needed.)

Compare the interest earned by $10,000 for three years at 9% simple interest with interest earned by the same amount for three years at 9% compounded annually. Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when i=9% per year. The simple interest earned is (Round to the nearest dollar.) (Round to the nearest dollar.) The compound interest earned is $ There is a difference in the amount of interest earned because compound interest allows interest from previous years to earn additional interest, whereas simple interest only considers the original principal.

4.39. What is the present worth of the following series of payments? (a) $5,000 at the end of each six-month period for 12 years at 9% compounded semiannually. $7,000 at the end of each quarter for 10 years at 8% compounded quarterly. (b) (c) $3,500 at the end of each month for five years at 6% compounded monthly.