Question: can anyone help me to solve these q?please!! Question 5 Apple is planning to invest the following amounts at an interest of 5 percent per
Question 5 Apple is planning to invest the following amounts at an interest of 5 percent per year, compounded annually. How much money will she have saved at the end of year 37 End of Year Amount saved (S) 4,000 6,000 9,000 Question 6 Assuming that today is the beginning of the year. Andy is planning to open a new restaurant at the end of five years from today. In preparation for this, he is setting aside $30,000 at the beginning of each month (with the first deposit starting now), for the next five years. How much money will Andy have at the end of five years assuming that he can cam an interest rate of 8.4 percent per year, compounded monthly on his savings? Question 7 You are looking for a bank to deposit your money and have identified two potential banks. Eastern Bank will pay you an interest of 7.2 percent a year compounded monthly while Green Bank will pay you an interest of 7.26 percent a year compounded semi-annually for your deposit. Which bank will you deposit your money
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