Compute to nearest cent, future value FV of the investment of $10,000 at stated interest rate after stated amount of time. 6% per year, compounded daily (suppose 365 days/year), after 10 years

2) Determine amount accumulated FV in sinking fund. (suppose end-of-period deposits and compounding at same intervals as deposits.)

$200 is deposited monthly for 10 years at 6% per year in the account containing $4,000 at start

3) Calculate simple interest INT for specified period and future value FV at end of the period.

$28,400 is invested for 6 months at 8% per year.

4) Layaway plans permit you, for fee, to pay for the item over the period of time and then receive item when you finish paying for it. In November 2011, Senator Charles E. Schumer of New York warned that holiday layaway programs recently reinstated by many popular retailers were, when you took fees in account, charging interest at the rate significantly higher than highest credit card rates. Assume that you purchased the $81 item on November 15 on layaway, with final payment due December 15, and that retailer charged you $5 service fee. Thinking of fee as interest, find simple interest rate r would you be paying for layaway plan?