)A recent high school graduate received $ 800 in gifts of cash from friends and relatives. In addition, she received three scholarships in the...

1.)A recent high school graduate received $800 in gifts of cash from friends and relatives. In​ addition, she received three scholarships in the amounts of $150, $300, and $1500

. If she takes all her gift and scholarship money and invests it in a 36-month CD paying 1% interest compounded daily​ (use n=360), how much will the graduate have when she

cashes in the CD at the end of the 36-months?

The graduate will have $____when she cashes in the CD.

​(Round to the nearest cent as​ needed.)

2.)At the time of her​ grandson's birth, a grandmother deposited $7,000 in an account. The account was paying 4.5% interest compounded monthly.

a. If the rate did not​ change, what was the value of the account after 10years?

b. If the money had been invested at 4.5% compounded​ quarterly, what would the value of the account have been after 10 years?

a. The value of the account will be $_____

.(Round to the nearest​ cent.)

3.) You are given a choice of taking the simple interest on $100, 000 invested for 5 years at a rate of 2% or the interest on $100,000invested for 5 years at an interest rate of

2% compounded quarterly. Which investment earns the greater amount of​ interest? Give the difference between the amounts of interest earned by the two investments.

The investment with simple or compound interest earns $________more in interest.

​(Round to the nearest cent as​ needed.)

4.) Travis Thompson uses his credit card to obtain a cash advance of​ $600 to pay for his textbooks in medical school. The interest rate charged for the loan is 0.05511% per day. Travis repays the money plus the interest after 24 days.

​a) Determine the interest charged for the cash advance.

​b) When he repaid the​ loan, how much did he pay the credit card​ company?

Interest charged = $_______

​(Round to the nearest​ cent.)​