To purchase \( \$ 14,300 \) worth of machinery for her business, Christine made a down payment of \( \$ 1500 \) and took out a business loan for the rest. After 2 years of paying monthly payments of \( \$ 567.31 \), she finally paid off the loan. \( \begin{array}{ll}\text { (a) } \begin{array}{l}\text { What was the total amount Christine ended up paying for the machinery } \\ \text { (including the down payment and monthly payments)? } \\ \$ \square\end{array} \\ \text { (b) How much interest did Christine pay on the loan? }\end{array} \)

Suppose you have \( \$ 3000 \) deposited at \( 4.35 \% \) compounded weekly. About how long will it take your balance to increase to \( \$ 4200 \) ? years Round your answer to the nearest tenth of a year

Michelle invests in a savings account that pays \( 8 \% \) interest compounded monthly. What is the APY for this account? \( \square \) Round to the nearest \( 0.00 \% \)

Find the time required for an investment of 3,000 dollars to grow to 12,000 dollars at an interest rate of \( 7 \% \) per year, compounded monthly. Give your answer accurate to 2 decimal places. \( \square \) years.

Find the effective yield of an investment that earns \( 5.25 \% \) compounded quarterly. round to the nearest hundredth of a percent

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