Juan Martin and Melanie have a new grandson. How much money should they invest now so that he will have \( \$ 74,000 \) for his college education in 18 years? The money is invested at \( 6.35 \% \) compounded annually.

Suppose that in 1671, a man bought a diamond worth the equivalent of \( \$ 36 \). Suppose that the man had instead been able to put the equivalent of \( \$ 36 \) in a bank at \( 3 \% \) interest compounded continuously. What would that \( \$ 36 \) have been worth in 2003?

2. Le taux de la TVA est de \( 20 \% \). Calculer le prix TTC de la commande de Lou (donner le résultat à 0,01 € près).

Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was \( \$ 315,000 \) with a \( 70 \% \) assessment rate. Art feels that his return should be \( 12 \% \) per month on his investment after all expenses. The tax rate is \( \$ 31.50 \) per \( \$ 1,000 \). Art estimates it will cost \( \$ 250 \) per month to cover general repairs, insurance, and so on. He pays a \( \$ 120 \) condo fee per month. All utilitles and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your Intermedlate calculations and final answer to the nearest cent.) Monthly rent

Larissa invested \( \$ 19,000 \) in an eleven-year CD giving \( 7.5 \% \) interest, but needed to withdraw \( \$ 2,500 \) after four years. If the CD's penalty for early withdrawal was one year's worth of interest on the amount withdrawn, how much money did Larissa have when the CD reached maturity, not including the amount she withdrew? a. \( \$ 13,612.50 \) b. \( \$ 30,675.00 \) c. \( \$ 30,112.50 \) d. \( \$ 14,175.00 \)

A university alumni association invested part of \( \$ 22,000 \) in preferred stock that earns \( 8 \% \) annual simple interest, and the remainder in a municipal bond that earns \( 7 \% \). The amount of interest earned each year is \( \$ 1,610 \). How much was invested in each account? annual simple interest. The at \( 7 \% \$ \square \) at \( 8 \% \$ 0 \)