ASK YOUR TEACHER PRACTICE ANOTHER \( \begin{array}{l}\text { A student has a savings account earning 3\% simple interest. She must pay } \$ 1900 \text { for first-semester tuition by September } 1 \text { and } \\ \$ 1900 \text { for second-semester tuition by January } 1 \text {. How much must she earn in the summer (by September } 1 \text { ) to pay the first- } \\ \text { semester bill on time and still have the remainder of her summer earnings grow to } \$ 1900 \text { between September } 1 \text { and January } 1 \text { ? } \\ \text { (Round your answer to the nearest cent.) } \\ \$\end{array} \).

Suppose you have \( \$ 15,000 \) to invest. Which of the two rates would yield the larger amount in 3 years: \( 8 \% \) compounded daily or \( 7.90 \% \) compounded continuously? Which of the two rates would yield the larger amount in 3 years? \( 8 \% \) compounded daily \( 7.90 \% \) compounded continuously

How much would you need to deposit in an account now in order to have \( \$ 5000 \) in the account in 10 years? Assume the account earns \( 2 \% \) interest compounded monthly.

How much money must you invest now at \( 4.6 \% \) interest compounded continuously in order to have \( \$ 10,000 \) at the end of 6 years?

Find the time required for an investment of 3,000 dollars to grow to 12,000 dollars at an interest rate of \( 7 \% \) per year, compounded monthly. Give your answer accurate to 2 decimal places. \( \square \) years.

Michelle invests in a savings account that pays \( 8 \% \) interest compounded monthly. What is the APY for this account? \( \square \) Round to the nearest \( 0.00 \% \)