ASK YOUR TEACHER PRACTICE ANOTHER \( \begin{array}{l}\text { Suppose you are offered a job with a relatively low starting salary but with a } \$ 4000 \text { raise for each of the next } 5 \text { years. How much } \\ \text { more than your starting salary would you be making in the sixth year? } \\ \$\end{array} \) Need Help? Read It Master It

Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. \( \$ 27,500 \) invested at \( 3.85 \% \) annual interest for 4 years compounded (a) daily ( \( \mathrm{n}=365 \) ); (b) continuously (a) The amount that \( \$ 27,500 \) invested at \( 3.85 \% \) annual interest for 4 years compounded daily ( \( n=365 \) ) is \( \$ \square \) (Round to the nearest cent as needed.) (b) The amount that \( \$ 27,500 \) invested at \( 3.85 \% \) annual interest for 4 years compounded continuously is \( \$ \square \) (Round to the nearest cent as needed.)

When Justin drives between Austin to Houston, he drives an average speed of 65 miles per hour. It takes 2 hour and 30 minutes for Justin to make the trip. His car averages 30 miles per gallon of gas. If gas costs \( \$ 3.45 \) per gallon, what is Justin's cost for each mile driven?

se the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. \( \$ 26,000 \) invested at \( 3.95 \% \) annual interest lor 2 yeas ) daily ( \( \mathrm{n}=365 \) ); (b) continuously a) The amount that \( \$ 26,000 \) invested at \( 3.95 \% \) annual interest for 2 years compounded daily ( \( n=365 \) ) is \( \$ 28,164.34 \) Round to the nearest cent as needed.) (b) The amount that \( \$ 26,000 \) invested at \( 3.95 \% \) annual interest for 2 years compounded continuously is \( \$ 28,113.20 \) (Round to the nearest cent as needed.)

1e appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. \( \$ 26,000 \) invested at \( 3.95 \% \) arrual interest for 2 yea ly \( (n=365) \); (b) continuously nd to the nearest cent as needed.) ne amount that \( \$ 26,000 \) invested at \( 3.95 \% \) annual interest for 2 years compounded continuously is \( \$ \square \) ind to the nearest cent as needed.)

e) \( \$ 12500 \) invested on 10 years at \( 0.7 \% \) per month