5.
Find the interest earned. Assume 3.5% interest compounded daily.
$975 deposited April 23 and withdrawn June 18


$6.66

$5.25

$5.16

$6.75
6.
Find the present value.
Amount Needed: $12,300
Time (Years): 4
Rate: 4%
Compounded: quarterly


$10,514.04

$11,820.05

$10,332.00

$10,489.69
7.
Find the present value.
Amount Needed: $42,000
Time (Years): 8
Rate: 3%
Compounded: semiannually


$37,283.82

$36,960.00

$33,097.26

$33,155.22