Question: 2 . If a company invests $ 2 0 , 0 0 0 at 8 % simple interest for 1 5 years, how much will

2. If a company invests $20,000 at 8% simple interest for 15 years, how much will it have at the end of that time?
4. What would be the value of $17,000 invested for 5 years at 7% interest compounded daily?
6. How much will $10,000 invested at 7.5% continuous compounding be worth at the end of 5 years?
8. What is the effective interest rate for 9.5% interest compounded monthly?
10. If an organization needs to have $1,500,000 in 7 years, how much should it invest now if it can make 9.5% compounded semiannually?
12. XYZ company is looking to borrow money. One bank offers a loan at 7.5% compounded monthly. Another bank offers a loan at 7.45% compounded daily. Which loan should the company take?
14. Bill wants to invest $50,000 for the next 7 years. If the investment is going to generate 10% interest compounded monthly, how much will he have at the end of the 7 years?

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