Question: (4 points) A mutual fund pays 5% compounded monthly. How much should I invest now so that 5 years from now I will have $3900



(4 points) A mutual fund pays 5% compounded monthly. How much should I invest now so that 5 years from now I will have $3900 in the account? Amount = $ 0.455 (4 points) What annual rate of interest compounded annually is required to double an investment in 7 years? Rate = (4 points) If you make a deposit into a bank account, at what interest rate (compounded weekly) should you invest if you would like to double your investment in 83 weeks? % (Note: Your answer should be accurate to two decimal places)
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