Juan Martin and Melanie have a new grandson. How much money should they invest now so that he will have \( \$ 74,000 \) for his college education in 18 years? The money is invested at \( 6.35 \% \) compounded annually.

If \( \$ 6000 \) is invested in a bank account at an interest rate of \( 6 \% \) per year, Find the amount in the bank after 6 years if interest is compounded annuall 8511.11 Find the amount in the bank after 6 years if interest is compounded quaterly Find the amount in the bank after 6 years if interest is compounded monthly

If \( \$ 3000 \) is invested in a bank account at an interest rate of \( 9 \% \) per year, Find the amount in the bank after 5 years if interest is compounded annually: Find the amount in the bank after 5 years if interest is compounded quaterly: Find the amount in the bank after 5 years if interest is compounded monthly: Finally, find the amount in the bank after 5 years if interest is compounded continuou

A car salesperson earns \( \$ 900 \) each month plus \( 6 \% \) commission on her monthly car sales. If she sells \( \$ 58,000 \) worth of cars on a given month, which of the following is her total monthly salary? A. \( \$ 4,380.00 \) B. \( \$ 3,534.00 \) C. \( \$ 3,480.00 \) D. \( \$ 3,426.00 \)

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Suppose Lisa borrows \( \$ 7500 \) at an interest rate of \( 4 \% \) compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any rounding. \[ \begin{array}{l}\text { (a) Find the amount owed at the end of } 1 \text { year. } \\ \text { (b) Find the amount owed at the end of } 2 \text { years. }\end{array} \]