Question: Ans PV = $23,408.58; Int = $76,591.42 2. How much time is needed for $3,000 to accumulate to $5000 if interest is 7.45% compounded quarterly?

Ans PV = $23,408.58; Int = $76,591.42 2. How much time is needed for $3,000 to accumulate to $5000 if interest is 7.45% compounded quarterly? (Represent time in years and months and round to the nearest month) 3. If you require a loan of $14,000 to purchase a car, how much will it cost to repay the loan in 4 years and 7 months if you are being charged interest at 6.25% compounded semi-annually

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