Suppose that you camed a bachelor's degree and now youre teaching high school. The school district offers teachers the opportunity to take a year off to eam a master's degree. To achieve this goal, you deposit \( \$ 1000 \) at the end of each year in an annuity that pays \( 5.5 \% \) compounded annually. a. How much will you have saved at the end of five years? b. Find the interest.

A car was valued at \( \$ 42,000 \) in the year 1991. The value depreciated to \( \$ 12,000 \) by the year 2004. A) What was the annual rate of change between 1991 and 2004 ? \( r= \) B) What is the correct answer to part A written in percentage form? \( r= \) C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007? value \( =\$ 9000 \) Question Help: Video Submit Question Jump to Answer

ASK YOUR TEACHER \( \quad \) PRACTICE ANOTHER Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) \( 7.6 \% \) compounded monthly

Find the amount that results from the given investment. \( \$ 300 \) invested at \( 4 \% \) compounded quarterly after a period of 3 years After 3 years, the investment results in \( \$ \square \). (Round to the nearest cent as needed.)

Amar deposited \( \$ 400 \) iniban account with \( 2.9 \% \) interest, compounded semiannually. Assuming that ho witharawals are mode, how much will he have in the occount after 8 years? Do not round any intermediatecomparon, round nearest cent.

December 31, 2024, Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Senvice revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirements 1. Calculate Concord's bad debt expense for 2024 .