I need help with answering these questions step by step please and thank you! :) 7. [-/1 Points]DETAILSBRECMBC9 11.II.010.MI.MY NOTESASK YOUR TEACHERPRACTICE ANOTHERSonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order toreach this goal. (Round your answer to the nearest cent.)Need Help?Read ItWatch ItMaster It8. [-/1 Points]DETAILSBRECMBC9 11.II.015.MI.MY NOTESASK YOUR TEACHERPRACTICE ANOTHERYou wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compoundedquarterly in order to have $23,000, 10 years from now. (Round your answer to the nearest cent.)$Need Help?Master ItRead ItWatch It 5. [-/1 Points]DETAILSBRECMBC9 11.1.030.MY NOTESASK YOUR TEACHERPRACTICE ANOTHERAs a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 9% compounded annually. How much will theaccount be worth (in $) when Bob is 18 years old? (Use Table 11-1.)Need Help?Read It6. [-/1 Points]DETAILSBRECMBC9 11.1.038.MI.MY NOTESASK YOUR TEACHERPRACTICE ANOTHERYou invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest formula to calculate the compound amount (in $) for yourinvestment. (Round your answer to the nearest cent.)$Need Help?Read ItWatch ItMaster It

as per policy we need to answer only one question in one post if you find my answer helpful please…

Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to reach this goal. (Round your answer to the nearest cent.)

Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to reach this goal. (Round your answer to the nearest cent.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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I need help with answering these questions step by step please and thank you! :)

7. [-/1 Points]
DETAILS
BRECMBC9 11.II.010.MI.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to
reach this goal. (Round your answer to the nearest cent.)
Need Help?
Read It
Watch It
Master It
8. [-/1 Points]
DETAILS
BRECMBC9 11.II.015.MI.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compounded
quarterly in order to have $23,000, 10 years from now. (Round your answer to the nearest cent.)
$
Need Help?
Master It
Read It
Watch It

5. [-/1 Points]
DETAILS
BRECMBC9 11.1.030.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 9% compounded annually. How much will the
account be worth (in $) when Bob is 18 years old? (Use Table 11-1.)
Need Help?
Read It
6. [-/1 Points]
DETAILS
BRECMBC9 11.1.038.MI.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
You invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest formula to calculate the compound amount (in $) for your
investment. (Round your answer to the nearest cent.)
$
Need Help?
Read It
Watch It
Master It

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