Please I need help this is growth and decay I need answers! 1. our grandparents purchased an acre of ocean front property in Panama City in 1960 for $1800. If the value of the land has appreciated at an average rate of 11% each year, what is the value of the land today? Write a model for the function and find the value.

2. In 1972, your Dad purchase his first car, a canary yellow Camaro, for $2600. The car has depreciated at a rate of approximately 8.5% each year. What is the value of the car today? Write a model for the function and find the value.

3. A car valued at $14,900 today has depreciated at an average rate of 7.6% each year. If the car was purchased in 2001, estimate its purchase price.

4. In 1999, Edna invested
$5000 into an account whose balance today is $9075.37. What is the interest rate she is earning on the account?

5. An initial deposit of $5,000.00 is made into a savings account that compounds 7.1% interest annually. How much is in the account at the end of five years?

6. After 80 years of 5.8%
interest compounded monthly, an account has $102,393.44. What was the original deposit amount?

7. Bank A is offering a 2.7%, compounded annually, savings account guaranteed for three years. Bank B is offering a 1.9%, compounded monthly, savings account guaranteed for two years. Which bank would yield the most on a principal of $500.00? What is the dollar amount difference between the two bank accounts?

8. How much would need to be deposited into an account earning 4.7%, compounded quarterly, so that the balance will be $1,000,000.00 in 20 years?

9. Mary discovers a bank account her parents left for her that was opened when she was born 50 years ago. The statement she found states the deposit amount of $100.00 into an account earning 1.8%
compounded quarterly. What is the balance of her account now?

10. In the same box, Mary discovers another statement for an account her grandparents opened for her when she was born. This statement shows a deposit amount of $100.00 into a 3.6%, compounded quarterly, account. How much is in this account now?