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  3. 1. if $15,000 is deposited in the bank today at 10

1. If $15,000 is deposited in the bank today at 10% compounded annually, what will...

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Accounting

1. If $15,000 is deposited in the bank today at 10% compounded annually, what will the balance be in 5 years?

2. A company needs $110,000 to retire bonds. What amount must be deposited on Jan. 1, 2004 at 12% interest compounded semiannually in order to accumulate the desired sum by Jan. 1, 2011?

Please show work. Thank you!

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