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.

Suppose that in 1671, a man bought a diamond worth the equivalent of \( \$ 36 \). Suppose that the man had instead been able to put the equivalent of \( \$ 36 \) in a bank at \( 3 \% \) interest compounded continuously. What would that \( \$ 36 \) have been worth in 2003?

Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was \( \$ 315,000 \) with a \( 70 \% \) assessment rate. Art feels that his return should be \( 12 \% \) per month on his investment after all expenses. The tax rate is \( \$ 31.50 \) per \( \$ 1,000 \). Art estimates it will cost \( \$ 250 \) per month to cover general repairs, insurance, and so on. He pays a \( \$ 120 \) condo fee per month. All utilitles and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your Intermedlate calculations and final answer to the nearest cent.) Monthly rent

Larissa invested \( \$ 19,000 \) in an eleven-year CD giving \( 7.5 \% \) interest, but needed to withdraw \( \$ 2,500 \) after four years. If the CD's penalty for early withdrawal was one year's worth of interest on the amount withdrawn, how much money did Larissa have when the CD reached maturity, not including the amount she withdrew? a. \( \$ 13,612.50 \) b. \( \$ 30,675.00 \) c. \( \$ 30,112.50 \) d. \( \$ 14,175.00 \)

\( 3 i l l \) nterest. In his passbook account, he earns \( 5 \% \) simple interest. At the end of one year, Bill earned a total of \( \$ 150 \) interest in his two savings accounts. Which equation is sed to calculate \( x \), the amount Bill invested in his money market account? \( \begin{array}{l}(6000-x)(0.02)(1)+(x)(0.05)(1)=150 \\ (6000-x)(2)(1)+(x)(5)(1)=150 \\ (x)(0.02)(1)+(x)(0.05)(1)=6000 \\ (x)(2)(1)+(6000-x)(5)(1)=150 \\ (x)(0.02)(1)+(6000-x)(0.05)(1)=150\end{array} \)

Iris köper en elgitarr för 15000 kr . Hon räknar med alt elgitarrens värde kommert minska i värde med i genomsnitt \( 2,0 \% \) per àr. a) Hur mycket är elgitarren värd efter tvă ăr?