An account is opened with an initial deposit of \( \$ 2,400 \) and earns \( 3.9 \% \) interest compounded monthly. What will the account be worth in 21 years? (round to 2 decimal places) Your Answer:

If the rate of infation is \( 3.4 \% \) per year the future price \( p(t) \) (in dollars) of a certain item can be modeled by the following erponential finction, where \( t \) is the number of years fiom today. \[ p(t)=2500(1.034)^{t} \] Find the curnent price of the item and the price 9 years firm today. Round your answers to the nearest dollar as necessang.

DETAILS MY NOTES AUFEXC4 9.3.014. A credit card company offers an annual \( 2 \% \) cash-back rebate on all gasoline purchases. If a family spent \( \$ 6650 \) on gasoline purchases over the course of a year, what was the family's rebate at the end of the year?

Linda plans to buy a used car that costs \( \$ 29,000 \). The dealer requires a \( 5 \% \) down payment. The rest of the cost is financed with a 4 year, foxedrate amortized auto loan at \( 7 \% \) annual interest with monthly payments. complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the list of financial formulas. (a) Find the required down payment. \( \$ 7 \) (b) Find the amount of the auto loan. (c) Find the monthly payment.

Susan Reed invested \( \$ 5500 \) each year in an annuity due at Pacific securities Company for a period of 11 years at an interest rate of \( 6 \% \) compounded annually. Using the ordinary annuity table, calculate the total value of the annuity due at the end of the 11 year period.

When Reuben had 4 years left in college, he took out a student loan for \( \$ 14,215 \). The loan has an annual interest rate of \( 5.4 \% \). Reuben graduated 4 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Reuben will make monthly payments for 3 years after graduation. During the 4 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Reuben's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: \( \$ \) D Reuben's loan is unsubsidized, find his monthly payment.