The present value of a sum of money is the amount that must be invested now, at a giv rate of interest, to produce the desired sum at a later date. Find the present value of $5,000 if inter is paid at a rate of 3% per year, compounded continuously, for 4 years. (Round your answer uf the next cent    use the compound interest formulas

Interest Leigh Jacks plans to invest 500 into a money market account. Find the interest rate that is needed for the money to grow to 1200 in 14 years if the interest is compounded quarterly.

Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account in 15 years by each method of compounding? compound quarterly compound monthly compound continuously

Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have 15,000 bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? (Hint: solve the compound interest formula forthe interest rate.)