hich formula would you use for each of the following problems? A.I= Prt B. F- P(1 +1)" C. P= F(1+0)* 1. How much simple interest will be earned on an $800 deposit in an account that earns 2.3% simple interest per year over a pe- riod of 5 months? 2. Kyrie borrowed $3,000 from her parents to buy some furniture. Her parents will charge her 3.25% simple interest per year. Her parents want the loan repaid in 1.5 years. How much will Kyrie owe her parents in 1.5 years? 3. In a certain town child daycare rates have been rising at the rate of 7% per year compounded annually. If 2 years ago the rate per week was $150, how much would you expect to pay today for one week of daycare? 4. A large corporation has invested S1 million in certificate of de- posits (CD). The CDs py 8% per year compounded semiannu- ally. How much will the CDs be worth in 8 years? 5. Jerry would like to purchase a new car in 4 years. He deposits $3,500 in an account that pays 7% per year compounded monthly. How much will he have towards the purchase of the car in 4 vears?

hich formula would you use for each of the following problems? A.I= Prt B. F- P(1 +1)" C. P= F(1+0)* 1. How much simple interest will be earned on an $800 deposit in an account that earns 2.3% simple interest per year over a pe- riod of 5 months? 2. Kyrie borrowed $3,000 from her parents to buy some furniture. Her parents will charge her 3.25% simple interest per year. Her parents want the loan repaid in 1.5 years. How much will Kyrie owe her parents in 1.5 years? 3. In a certain town child daycare rates have been rising at the rate of 7% per year compounded annually. If 2 years ago the rate per week was $150, how much would you expect to pay today for one week of daycare? 4. A large corporation has invested S1 million in certificate of de- posits (CD). The CDs py 8% per year compounded semiannu- ally. How much will the CDs be worth in 8 years? 5. Jerry would like to purchase a new car in 4 years. He deposits $3,500 in an account that pays 7% per year compounded monthly. How much will he have towards the purchase of the car in 4 vears?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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This is for financial mathematics, thank youu :) I must show work :)
Give me answer two questions please
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