1) On March 1, 2016 an amount of $2100 was invested in anaccount which earns 7.5%. Determine the balance on September 1,2019, if the interest is compounded: a) quarterly AND b)monthly?
2) How much should be invested at 6% compounded semiannually toacquire $2000 in eight years?
3) On July 15th, 2013, $800 was invested in an account paying 10%compounded semiannually. Then on July 15, 2017 the money wasreinvested in an account paying 8% compounded daily. Determine thebalance on October 20, 2017 using the Banker's Rule.
