4 more world problems
1. $2000 principal earning 6% compounded annually, 8 years?
2. Suppose that when your friend was born, your friend's parents deposited $4000 in an account paying 5.8% interest compounded quarterly, What will the account balance be after 13 years?
3. suppose your friend's parents invest $25,000 in an account paying 6 % compounded annually. What will the balance be after 8 years?
4. deposit earning 4.2 %compounded monthly, after 4 years?
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