A sum of \( \$ 6,700 \) is due for payment 2 years from now. If money is worth \( 5.8 \% \) compounded monthly, determine the equivalent value 8 years from now. a) \( \$ 9,480.80 \) b) \( \$ 12,172.38 \) c) \( \$ 9,862.31 \) d) \( \$ 12,556.66 \) e) \( \$ 14,243.69 \)

D, E, and Fown a business jointly and share profits and losses in the same portion as their investments. How much of a profit of \( \$ 4500 \) will each receive if their investments are \( \$ 4000, \$ 6000 \), and \( \$ 5000 \) respectively? D will receive \( \$ 1200 \). (Simplify your answer.) E will receive \( \$ \square \). (Simplify your answer.)

D, E, and F own a business jointly and share profits and losses in the same portion as their investments. How much of a profit of \( \$ 4500 \) will each receive if their investments are \( \$ 4000, \$ 6000 \), and \( \$ 5000 \) respectively? D will receive \( \$ \) (Simplify your answer.)

2. Peter gets a salary of \( \$ 125 \) per week. He wants to buy a new television that costs \( \$ 3,960 \). If he saves \( \$ 55 \) per week, which of the following expressions could he use to figure out how many weeks It will take him to save up enough money to buy the new TV? (d) \( \$ 3,960 \div(\$ 125-\$ 55) \) () \( \$ 3,960-(\$ 125)(\$ 55) \) () \( (\$ 3,960 \div \$ 125) \div \$ 55 \) (D) \( \$ 3,960 \div \$ 55 \)

Simplify the following. \( \frac{\$ 4284}{1+0.28 \times \frac{292}{365}} \) \( \frac{\$ 4284}{1+0.28 \times \frac{292}{365}}=\$ \square \) (Type an integer or a decimal.)

Solve for the indicated variable and select the correct answer. \( \begin{array}{l}1+r t=\frac{A}{P} \text { for } P \\ P=\frac{A}{1+r t} \\ P=\frac{1+r t}{A} \\ P=1+r t-A \\ P=A(1+r t)\end{array} \)