24. [0/0.6 Points] DETAILS MY NOTES AUFEXC4 11.5.031. 3/100 Submission The Mendez family is considering a mortgage loan of \( \$ 348,000 \) at an annual interest rate of \( 6.65 \% \). (a) How much greater is their mortgage payment if the term is 20 years rather than 30 yea \( \$ \$ \)

Suppose you have \( \$ 15,000 \) to invest. Which of the two rates would yield the larger amount in 3 years: \( 8 \% \) compounded daily or \( 7.90 \% \) compounded continuously? Which of the two rates would yield the larger amount in 3 years? \( 8 \% \) compounded daily \( 7.90 \% \) compounded continuously

12. You sell \( T \)-shirts for a fundraiser. It costs \( \$ 112 \) to have the T-shirts m: You make \( \$ 98 \) in sales. What is your profit?

How much money must you invest now at \( 4.6 \% \) interest compounded continuously in order to have \( \$ 10,000 \) at the end of 6 years?

\begin{tabular}{l} 8.27 Die Werbung zeigt, dass die Bezahlung der \\ E-Gitarre "VSG Eruption" auf zwei verschiedene \\ Arten möglich ist: Barzahlung oder Ratenzahlung. \\ Bei der Ratenzahlung ist die erste Rate bei Ver- \\ tragsabschluss zu bezahlen, die zweite Rate nach \\ 6 Monaten und die dritte Rate nach 12 Monaten, \\ Welcher Zinssatz steckt hinter der Ratenzahlung? \\ \hline\end{tabular}

\( \$ 3,350 \) are deposited into an account with a \( 6.2 \% \) interest rate, compounded annually ( 1 time per year). Find the accumulated amount after 8 years. Hint: \( \mathrm{A}=\mathrm{P}\left(1+\frac{\mathrm{r}}{\mathrm{k}}\right)^{\mathrm{kt}} \)