How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded every 18 months for three years?

A) $130.00

B) $132.25

C) $133.10

D) $134.49

E) $313.84

Answer: ___

6. Suppose $1,000 is deposited into an account annually, beginning one year from today, and the account earns 9% interest compounded annually for 40 years. How much is the present value of this investment plan?

A) $ 10,757.36

B) $ 87,200.00

C) $337,882.45

D) $475,764.89

E) $536,583.73

How long must one wait for an initial investment of $2,000 to triple in value if the investment earns 7% compounded annually?