A corporation estimates it will need \( \$ 3,000,000 \) in 6 years to replace its existing machinery. How much should it deposit each quarter at an annual rate of \( 5.5 \% \) compounded quarterly to meet this obligation? Round your answer to two decimal places. Do not include the \( \$ \) sign in your answer. Your Answer: Answer An OB/GYN physician in private practice knows her malpractice insurance will be (1 point) Retake question

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

Use PMT \( =\frac{p\left(\frac{r}{n}\right)}{\left[1-\left(1+\frac{r}{n}\right)^{-m}\right]} \) to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of \( \$ 5900 \) and an annual interest rate of \( 12 \% \). You decide to pay off the balance over three years. If there are no further purchases charged to the card, a. How much must you pay each month? b. How much total interest will you pay? a. The monthly payments are approximately \( \$ \square \). (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The total interest paid over 3 years is approximatsily \( \$ \square \). (Round to the nearest dollar as nesded.)

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.

Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) \( 7.6 \% \) compounded monthly (b) \( 8 \% \) compounded continuously

\( \$ 5,500 \) is deposited at the end of each quarter in an account that earns \( 7 \% \) compounded quarterly until \( \$ 100,000 \) has accumulated in the account. This scenario describes the ---Select--- for ? s . From the formula in the textbook, all values are known, except After how many quarters will the account contain \( \$ 100,000 \) ? (Round your answer UP to the nearest quarter.) quarters