1. An investment of $4000 is deposited into an account in which interest is compounded monthly. Complete the table by filling in the amounts to which the investment grows at the indicated times. (Round your answers to the nearest cent.)
r = 6%
2.If $15,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 5 years
$


(b) 10 years
$


(c) 15 years
$

3.If $600 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 1 year
$


(b) 2 years
$


(c) 10 years
$

4.The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.

Find the present value of $10,000 if interest is paid at a rate of 8% per year, compounded semiannually, for 5 years. (Round your answer up to the next cent.)