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  3. 1. find the future value of each deposit if the ac

1. Find the future value of each deposit if the account pays? (a) simple? interest, and?...

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Advance Math

1. Find the future value of each deposit if the account pays?(a) simple? interest, and? (b) interest compounded annually.

?$1500 at 6?% for 8 years

?

2. . Tony opened a hot dog stand last April. He borrowed ?$6800to pay for the stand and startup? inventory, and he agreed to payoff the loan in 10 months at 6?% simple interest. Find the totalamount required to repay the loan.

The total amount required to repay the loan is $__

3. For each? deposit, find the future value? (that is, the finalamount on? deposit) when compounding occurs? (a) annually,? (b)semiannually, and? (c) quarterly.

Principal

Rate

Time

?$2000

4?%

5

years

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