Find the present value for the given future amount. Round to the nearest cent. \( A=\$ 18,500,15 \) years \( r=3 \% \) compounded annually

The principal \( P \) is borrowed at a simple interest rate \( r \) for a period of time \( t \). Find the simple interest owed for the use of the money. Assume 365 days in a year. \( P=\$ 7000, r=4.5 \%, t=18 \) months The simple interest owed for the use of the money is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.)

Determine the present value \( P \) that must be invested to have the future value \( A \) at simple interest rate \( r \) after time \( t \). \[ A=\$ 5000, r=2.5 \%, t=6 \text { years } \] The present value \( P \) that must be invested is \( \$ \) (Round up to the nearest cent.)

For the investment situation below, identify the annual interest rate, the length of the investment in years, the periodic interest rate, and the number of periods of the investment. \( 9 \% \) compounded monthly for 3 years (a) the annual interest rate (b) the length of the investment in years (c) the periodic interest rate (d) the number of periods of the investment

You deposit \( \$ 13,000 \) in an account that pays \( 1.51 \% \) interest compounded quarterly. a. Find the future value after one year. b. Use the future value formula for simple interest to determine the effective annual yield. i. Click the icon to view some finance formulas. a. The future value is \( \$ \square \). (Round to the nearest cent as needed.) b. The effective annual yield is \( \square \% \). (Round to the nearest hundredth as needed.)

Determine the effective annual yield for each investment. Then select the better investment. \( 3.06 \% \) compounded monthly; \( 3.07 \% \) compounded annually Click the icon to view some finance formulas. Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest hundredth as needed.) A. The second investment, \( 3.07 \% \) compounded annually, is the better investment because the effective annual yield for the first investment is investment is \( \square \% \). The first investment, \( 3.06 \% \) compounded monthly, is the better investment because the effective annual yield for the first investment is \( \square \% \) annual yield for the second investment is \( \square \% \).