1. $15000.00 is investe

1. $15000.00 is invested at a simple interest rate of 4.8% annual interest. Find the future value of this $15000.00 after 10 years 2.How much money should be invested at a simple interest rate of 5% that will grow to $25000 after 5 years. 3.How long will it take for a $16000.00 investment to grow to $20000.00 if it is invested at a 4% annual simple interest rate? 4.$600.00 is invested at a simple interest rater which grows to $800.00 after 12 years. Find the rate r as a percentage. 5.Jill purchases 110 shares at $223.13 a share using a broker who charges commission according to the following table. Principal (Value of the stock) Commission Under $5000 $60+2% of the principal $5000-$15000 $160+1% of the principal Over $15000 $310+0.5% of the principal. If Jill sells these 110 shares at $253.59 a share, 28 days after the purchase, find the annual rate of simple interest that Jill received on these 110 shares (assume a 360 day year.) 6.Claire invests $5500 in a retirement account that pays 6% interest compounded monthly. How much money will Claire have after 70 years in this account? 7.How much money should be invested in an account that pays 6% interest rate compounded daily (assume a 360 day year) to receive $10000.00 from this investment after 2 years? Assume a 360 day year and round your answer to the nearest cent 8.How long will it take for $2500.00 to grow to $100,000.00 if it grows with rate of 9% compounded monthly? Round the answer to three digits after the decimal 9.The population of a country is growing at a rate of 2.5% compounded continuously. If the population at present is 145 million, what the population will be after 5 years if the same growth rate continues? Write the answer to the nearest million. 10.The population of a county has grown from 853216 people to(###) ###-####in 10 years. Find the rate of growth (rounded to 3-digits after the decimal sign) if the compounding is continuous. 11.Sera deposits $2500 per month in a retirement annuity that pays 3.6% interest compounded monthly. If no other changes are made, find the amount that the annuity will have after 10 years. 12.Sam would like to buy a car. The best offer that Sam is able to get for loan is 4.8% compounded monthly for a term of 60-months. Sam has a $2500.00 as a down payment and can afford a monthly payment of $300.00. Under these conditions, find the price (inclusive of all the taxes) that Sam can buy.