1. How much should you deposit into an account that pays 3.6% compounded monthly if you want to have $15,000 ten years from now? Round your answer to the nearest cent. 2. An investment of $4,500 was...


1. How much should you deposit into an account that pays 3.6% compounded monthly if<br>you want to have $15,000 ten years from now? Round your answer to the nearest cent.<br>2. An investment of $4,500 was deposited into an account that pays 3.7% compounded<br>daily. How much money will be in the account 5 years from now? Round your answer to<br>the nearest cent.<br>3. An amount of $12,000 is deposited into an account with annual interest of 4.2%<br>compounded monthly. In how many years will the amount grow to $18,000? Round y<br>answer to two decimal places.<br>

Extracted text: 1. How much should you deposit into an account that pays 3.6% compounded monthly if you want to have $15,000 ten years from now? Round your answer to the nearest cent. 2. An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. How much money will be in the account 5 years from now? Round your answer to the nearest cent. 3. An amount of $12,000 is deposited into an account with annual interest of 4.2% compounded monthly. In how many years will the amount grow to $18,000? Round y answer to two decimal places.

Jun 11, 2022
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