Thomas is not too bright. He wants to have $5,000 saved up i…

Thomas is not too bright. He wants to have $5,000 saved up in 6 years so that he can surprise his parents with a luxurious vacation for their 50th wedding anniversary. If he invests $1,000 today as a lump sum in a bank account that compounds interest quarterly, what annual interest rate will he need in order to achieve his goal? 

Edward and Janice want to buy a boat for their family to wat…

Edward and Janice want to buy a boat for their family to water ski on Utah Lake. If they invest $600 at the end of each month in a money market account that averages an annual return of 6.20% (compounded monthly), approximately how long will it take them to save $30,000? 

Click on the link below to launch the ALEKS website and sign…

Click on the link below to launch the ALEKS website and sign in to your account. ALEKS HOMEPAGE You will need to enter the following password into ALEKS to begin the knowledge check: Aleks Password: INITIALPI  Remember to leave the Canvas/Procotrio quiz tab open and active throughout the assessment on Aleks.  Once you have completed the scheduled knowledge check in Aleks, navigate back to this canvas quiz and enter your new overall pie progress as a percentage in the answer box below.  (You can find this percentage by clicking down on the center of your pie chart on your Aleks dashboard.) Then click submit on the quiz.