Question: I need solve this MCQ questions QUESTION 1 If you invest $1,000 in a savings account that earns 8% compounded yearly, how many years should
I need solve this MCQ questions

QUESTION 1 If you invest $1,000 in a savings account that earns 8% compounded yearly, how many years should you wait before you get $3,000? O 16.28 O 14.27 O 9.2 O 11.01 QUESTION 2 Suppose you invest $150,000 dollars in a savings account that earns 9% compounded monthly. How much money can you withdraw on a monthly basis from this account for the next 24 months? O $6,852.71 O $9,757.36 O $4,568.47 O $3,360.46 QUESTION 3 Calculate the Interest portion of the 20th payment made for a $20,000 five-year loan. Consider an APR of 12% compounded monthly. O $590.97 O $146.08 O $149.04 O $444.89 QUESTION 4 Suppose you take a $100,000 loan for 10 years at an 8% interest rate compounded yearly. What is the remaining balance of this loan at the end of year 5? Consider that payments are done annually? O $49,360.46 O $59,503.15 $39,360.46 O $90,757.36
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