Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is \( t=6.098997961[\times \) years.

your calculator, compute the following to two decimal places. Do NOT round until the very end or you swer may not be correct: \( \frac{2500\left(1-\left(1+\frac{0.069}{12}\right)^{-22.12}\right)}{\frac{0.069}{12}} \)

If the rate of infation is \( 3.4 \% \) per year the future price \( p(t) \) (in dollars) of a certain item can be modeled by the following erponential finction, where \( t \) is the number of years fiom today. \[ p(t)=2500(1.034)^{t} \] Find the curnent price of the item and the price 9 years firm today. Round your answers to the nearest dollar as necessang.

When Reuben had 4 years left in college, he took out a student loan for \( \$ 14,215 \). The loan has an annual interest rate of \( 5.4 \% \). Reuben graduated 4 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Reuben will make monthly payments for 3 years after graduation. During the 4 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) If Reuben's loan is subsidized, find his monthly payment. Subsidized loan monthly payment: \( \$ \) D Reuben's loan is unsubsidized, find his monthly payment.

Susan Reed invested \( \$ 5500 \) each year in an annuity due at Pacific securities Company for a period of 11 years at an interest rate of \( 6 \% \) compounded annually. Using the ordinary annuity table, calculate the total value of the annuity due at the end of the 11 year period.

O Consumer Mathematics Comparing monthly payments for subsidized and unsubsidlzed student... When Reuben had 4 years left in college, he took out a student loan for \( \$ 14,215 \). The loan has an annual interest rate of \( 5.4 \% \). Reuben graduated 4 years after acquiring the loan and began repaying the loan immediately upon graduation. According to the terms of the loan, Reuben will make monthly payments for 3 years after graduation. During the 4 years he was in school and not making payments, the loan accrued simple interest. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas.