Question: 2. a) What amount will an account have after 6 years 7 months if Tk.870300 is invested at an annual rate of 7.50% compounded

2. a) What amount will an account have after 6 years 7 months if Tk.870300 is invested at an annual rate of 7.50% compounded monthly. 2 b) What is the present value of receiving a single amount of Tk.35,000 at the end of five and half years, if the time value of money is 5.5% per year, compounded six times per year? 3

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