1) Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = \$1600, r = 4 1/2%, t = 7, compounded annually 2) The value of Maria's investments increased by 30% in the first year and by a further 20% in the second year. The value of Laura's investments grew 20% in the first year, followed by a gain of 30%in the second year. Both Maria and Laura started out with a \$10,000 investment. Find Maria's and Laura's increase. 3) Eight and a half years ago, Chris invested \$10,000 in a retirement fund that grew at the rate of 9.32%/year compounded quarterly. What is his account worth today? (Round your answer to the nearest cent.) 4) Find the present value of \$50,000 due in 6 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.)4%/year compounded daily 5) Find the present value of \$30,000 due in 6 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.)6%/year compounded quarterly

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