5. find the interest earned. assume 3.5% interest compounded daily. $975 deposited april 23 and withdrawn june 18 $6.66 $5.25 $5.16 $6.75 6. find the present value. amount needed: $12,300 time (years): 4 rate: 4% compounded: quarterly $10,514.04 $11,820.05 $10,332.00 $10,489.69 7. find the present value. amount needed: $42,000 time (years): 8 rate: 3% compounded: semiannually $37,283.82 $36,960.00 $33,097.26 $33,155.22