1. find the compound amount. round to the nearest cent. amount: $10,500 rate: 6% compounded: quarterly time (years): 5 $14,142.03 $14,051.42 $11,311.44 $11,287.50 2. find the compound amount. round to the nearest cent. amount: $8,470 rate: 12% compounded: monthly time (years): 2 $10,502.80 $9,486.40 $10,624.77 $10,754.61 3. find the compound amount. round to the nearest cent. amount: $23,400 rate: 3% compounded: semiannually time (years): 10 $31,516.52 $27,156.64 $26,910.00 $31,447.73 4. find the interest earned. assume 3.5% interest compounded daily. $2,310 deposited april 12 and withdrawn july 5 $17.34 $18.68 $18.46 $17.12 5.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 $975 deposited april 23 and withdrawn june 18 $6.66 $5.25 $5.16 $6.75 6.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 8. egg roll house deposited $14,710 in a savings account on april 2 and then deposited an additional $5,100 in the account on june 2. find the balance on july 1 assuming an interest rate of 3.5% compounded daily. $19,865.16 $19,910.49 $19,981.69 $19,951.69 9. diane barvello deposits $1,380 in a certificate of deposit for 3 years. find the compound amount if the interest rate is 5% compounded daily. $1,587.00 $1,603.31 $1,597.53 $1,603.32 10. john wong makes $63,800 per year maintaining a self-storage business. he was notified of a 3.3% raise in a year in which the cpi index increased by 4.4%. find the gain or loss in his purchasing power. loss of $701.80 gain of $701.80 loss of $2105.40 gain of $2105.40 11. angler’s edge, worth $12 million, is expected to grow at 5% per year compounded annually for 7 years. find the future value to the nearest million. $16 million $18 million $17 million $19 million