Aniyah needs to borrow \( \$ 8000 \). The money can be borrowed at \( 6.5 \% \) simple interest for 5 yr or borrowed at \( 5 \% \) with interest compounded continuously for 5 yr Part: 0 / 3 Part 1 of 3 (a) How much total interest would Aniyah pay at \( 6.5 \% \) simple interest? At \( 6.5 \% \) simple interest, the total interest Aniyah would pay is \( \$ \)

You deposit \( \$ 1000 \) each year into an account earning \( 7 \% \) interest compounded annually. How much will you have in the account in 35 years?

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

You deposit \( \$ 500 \) each month into an account earning \( 6 \% \) interest compounded monthly. a) How much will you have in the account in 20 years? b) How much total money will you put into the account? c) How much total interest will you earn? \( \$ \)

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?