ASK YOUR TEACHER If you lend \( \$ 3000 \) to a friend for 15 months at \( 8 \% \) annual simple interest, find the future value of the loan. \( \$ \) Need Help? Submit Answer Master It

Find the effective yield of an investment that earns \( 5.25 \% \) compounded quarterly. round to the nearest hundredth of a percent

Suppose you have \( \$ 3000 \) deposited at \( 4.35 \% \) compounded weekly. About how long will it take your balance to increase to \( \$ 4200 \) ? years Round your answer to the nearest tenth of a year

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

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?

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.