Question: In Class Problem Set 3 Katlyn needs to invest her income tax refund of $5.318 today in order for her savings account to be worth

In Class Problem Set 3 Katlyn needs to invest her income tax refund of $5.318 today in order for her savings account to be worth $8,000 as soon as possible. What is $5,318 called? IFV What is $8,000 called? How soon will she get to her goal if she earns 7% compounded annually 9% compounded annually 6% compounded daily 6.75% compounded monthly How much interest on interest will she earn in 5 years, if she earns 6.75% compounded monthly

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