For the following exercise, determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.

Deposit amount: $\$ 100$; total deposits: 120 ; interest rate: $10 \%$, compounded semi-annually

In this exercise, use the add-on method of calculating interest to find the total interest and the monthly payment.

Find the compound amount and compound interest if $4000 is invested for six years and interest is compounded continuously at the given annual rate. 9%

Find the monthly interest rate $r$ when

$$A P R=13.2$$

A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market rate of 7%. Interest is paid annually. What is the amount of interest the bondholders will receive at the end of the year?

Graph the simple interest earned on $950 at an annual rate of 4.2%.

The bank offered a 0.6% interest rate. Find 0.6% of $1300.

For the following exercise,

Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.

Deposit amount: $\$ 100$; total deposits: $120$ ; interest rate: $10 \%$, compounded semi-annually

If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r, expressed as a decimal, the interest I charged is _______ = _______. Interest charged according to this formula is called ________ _________.

a. At what interest rate, compounded annually, would you need to invest $500 in order to have$625 in 2 years? b. At this interest rate, how long would it take for your $500 to double in value?

Suppose that $20,000 is invested at continuous rate r and grows to$81,104 in 28 years. Find the interest rate r.

In this exercise, use the add-on method of calculating interest to find the total interest and the monthly payment.

For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate. Deposit amount: $100; total deposits: 120; interest rate: 10%, compounded semi-annually

Find the monthly payment, amount paid, and interest charged for a $90,000 mortgage loan at an annual interest rate of 10% for 20 years.