1. Suppose you deposit $1786 in an account earning 4.18% si

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1. Suppose you deposit $1786 in an account earning 4.18% simple… 1. Suppose you deposit $1786 in an account earning 4.18% simple annual interest. Determine the future value FV of your deposit after 9 years. Round solution to the nearest penny.2. Determine the present value P, with FV = $23929, simple annual interest rate r = 4.91%, and time t = 13. Round solution to the nearest penny.3. For his job, Giovanni received a $30,000.00 year-end bonus. He deposits the money into his credit union earning 3.57% simple annual interest. How long will it take for Giovanni’s bonus to earn $2857 in simple annual interest? Round solution to two decimal places.4. Andrew won $3143 at a casino. He deposits the money in his local bank and after 4 years he had $4143. What was the simple annual interest rate that Andrew received on his deposit? Enter solution as a percentage rounded to two decimal places, i.e.: 0.1885 to 18.85%. Math Algebra MATH 127

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