Question: 1. Which compounding method, at 6%, earns more money? (a) Semiannually (b) Monthly 2. If $1000 is invested for 4 years at 8%, compounded quarterly,

1. Which method, at 6%, earns more money?
(a) Semiannually
(b) Monthly
2. If $1000 is invested for 4 years at 8%, compounded quarterly, how much interest will be earned?
3. How much must one invest now in order to have $18,000 in 4 years if the investment earns 5.4%, compounded monthly?

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