PSU Mathematics Question

Finish the following 9 mutiple choice with correct answers.Question 1Linda deposited $12,500 in a 10-year CD at Good Weather Credit Union. If the interest rate is 6.25% compounded annually, how much total interest will she earn?$10,419.20$7,812.50$78,125.20Flag question: Question 2Question 2Consider the geometric sequence: 2, 6, 18, …Find the 12th term a11.354,294362,797118,098Flag question: Question 3Question 3Suppose a business earned a profit of $10,000 in its first month of operation. Unfortunately, its profit decreased by 3% each month for the next year. Find the total profit for the first year.$141,920.030$94,899.53$7,153.01Flag question: Question 4Question 4Sue deposited $7,500 in a 3-year CD at Good Weather Credit Union. If the interest rate is 3.75% compounded quarterly, how much will the CD be worth maturity?$8,388.64$8,343.75$14,531.25Flag question: Question 5Question 5How much should be deposited today in a CD paying 6.75% compounded quarterly in order to have $21,000 in the account in 8 years?$12,259.94$12,292.98$12,453.06Flag question: Question 6Question 6Find the future value of $10,900 at 6.75% compounded continuously for 5 years.$15,110.05$7,777.72$15,275.69Flag question: Question 7Question 7Janet currently has $53,995.82 in her investment account. If her account earns 9.7% compounded annually, how many years will it take for her account to reach $450,000?Round your answer to the nearest year.Flag question: Question 8Question 8Susan has $1,500 in an investment account. Approximately what annually compounded interest rate would she need to earn in order for the account to grow to $6,000 in 10 years?More information is required15.4%Flag question: Question 9Question 9(Section 3.4) Find the best bank to open a savings account if Bank A is offering 5.5% compounded annually, Bank B is offering 5.4% compounded monthly, and Bank C is offering 5.1% compounded daily.Bank ABank CBank B