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  3. 1. you deposit $4000 in an account earning 5% inte

1. You deposit $4000 in an account earning 5% interest compounded monthly. How much will you...

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Advance Math

1. You deposit $4000 in an account earning 5% interestcompounded monthly. How much will you have in the account in 5years?

2. Find the time required for an investment of 5000 dollars togrow to 6500 dollars at an interest rate of 7.5 percent per year,compounded quarterly.
Round your answer to two decimal places
Your answer is t=____ years.

3. You deposit $2000 in an account earning 5% interestcompounded monthly. How much will you have in the account in 15years?

Answer & Explanation Solved by verified expert
3.7 Ratings (649 Votes)
A the final value of the investmentloanincluding interestP the principal investment amount theinitial    See Answer
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