Question: 4. How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8

4. How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8 percent compounded monthly? p/y cly PV PMT FV n i Q3. What EAR is being earned on a deposit of $5,000 made ten years ago today if the deposit is worth $9,948.94 today? The deposit pays interest semi-annually. p/y c/y PV PMT FV n Q5. How much interest is earned in the third year on a $1,000 deposit that earns 7 percent interest compounded annually? p/y c/y PV PMT FV n

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