John invested $2,500 of her savings in a certificate of deposit that pays an annual 4.25% rate of interest. The current annual inflation rate is 5%. Has John made a wise investment from an economic perspective?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.aYesbNocCan't tell

1. Tom decides to save money to buy his dream car. He deposits $8,000 into a savings account with an annual interest rate of 6%. Calculate the simple interest after 3 years.*4 points$1,140$1,240$1,340$1,4402. Emily starts saving for her college education by depositing $12,000 into an education fund with an annual interest rate of 5%. Calculate the simple interest after 4 years.*4 points$1,400$2,400$3,400$4,4003. Mark is saving for a home renovation project. He deposits $15,000 into a savings account with an annual interest rate of 8%. Calculate the total amount after 2.5 years.*4 points$12,000$14,000$16,000$18,0004. Alex invests $25,000 in a small business with an annual interest rate of 9%. Calculate the simple interest after 2 years.*4 points$1,500$2,500$3,500$4,5005. A group of friends (5 members) decides to start a vacation savings club. Each friend contributes $500 to the club every year, and the total amount is deposited into a savings account with an annual interest rate of 4%. Calculate the total amount in the savings account after 5 years.*4 points$1,000$2,000$3,000$4,000

Paula has a client who wants to invest into an account that earns 4% interest, compounded annually. The client opens the account with an initial deposit of $4,000, and deposits an additional $4,000 into the account each year thereafter.Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the eighth deposit is __________.a.)$188,247b.)$102,713c.)$36,857d.)$40,969

Calculate the amount of money Austin had to deposit in an investment fund growing at an interest rate of 4.00% compounded annually, to provide his daughter with $14,000 at the end of every year, for 2 years, throughout undergraduate studies. Round to the nearest cent

Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter.Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.

Tom invested $ 35 000 in Bank Alpha at a simple interest of 7% per annum. What is the interest that he will get back at the end of 4 years?FEEDBACK ASSISTANTFeedback Assistant - Mathematics will provide marks and feedback for this question MARKS[2]SAVE AS DRAFTSUBMITQ5WONG KWONG LUNG saved as draft on 07 Aug 2024 10:08 PMFEEDBACK ASSISTANTFeedback Assistant - Mathematics will provide marks and feedback for this question