6. 1-14 points For an investment at 8% compounded quarterly for 6 years, identify the following. (a) the annual interest rate (b) the length of the investment in years yr (c) the periodic interest rate (d) the number of periods of the investment Need Help? Read It Talk to a Tutor -/1 points Find the future value if $5000 is invested for 7 years at 7% compounded annually. (Round your answer to the nearest cent.) $ Need Help? Read It Watch it Talk to a Tutor -/1 points What is the future value if $8400 is invested for 7 years at 7% compounded semiannually? (Round your answer to the nearest cent.) $ Need Help? Read It Watch Talk to a Tutor -/1 points What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it will grow to $70000 for their son's college tuition in 11 years? (Round your answer to the nearest cent.) $ Need Help? Watch Talk to a Tuter 10. -/1 points Which investment will earn more money, a $3000 investment for 5 years at 6% compounded annually or a $3000 investment for 5 years compounded continuously at 5.7%? 6% compounded annually 5.7% compounded continuously Need Help? Read It Watch Talk to a Tuter 11. -/2 points Find the annual percentage yield for an investment at the following percentage rates. (Round your answers to two decimal places.) (a) 6.8% compounded monthly % (b) 6% compounded continuously % Need Help? Read It Talk to a Tutor 12. -/1 points How long (in years) would $900 have to be invested at 11.4%, compounded continuously, to earn $300 interest? (Round your answer to two decimal places.) Need Help? Read It Talk to a Tutor 13. -/1 points How long (in years) would $400 have to be invested at 7%, compounded continuously, to amount to $493? (Round your answer to the nearest whole number.) Need Help? Talk to a Tutor