Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if \( \$ 50 \) is invested semlannually for 25 years at \( 3.5 \% \) compounded semiannually. \[ \]

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?

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.

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? \( \$ \)

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

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?