1. Calculate the future value of an investment worth $2800 that pays 1.5% simple interest rate...

1. Calculate the future value of an investment worth $2800 that pays 1.5% simple interest rate after 4 years.

2. Derek invested $1000. What would that money grow to in 18 months at a 5% annual simple interest rate?

REAL QUESTIONS(IGNORE 1&2)

3. $7500 is deposited at a bank account that pays 3% interest compounded monthly. How much will the account worth after 5 years?

4. Amira deposited $2,000 into a savings account earning 2.6% APR compounded quarterly. How much will she have in her account after 10 years?

Expert Solution

Colby Messinger answered 2 years ago

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