Question: please answer on computer meeded for school 7. 8. An investment of $2200 earned interest at 9.2% per annum compounded quarterly. How much would the

please answer on computer meeded for school

7. 8. An investment of $2200 earned interest at 9.2% per annum compounded quarterly. How much would the investment be worth in 5 years? A car loan can be taken for 4 years. At an interest rate of 8.4% per annum compounded monthly, the total cost of the car loan would be $34243.70. What is the cost of the car if you pay cash for it today rather than take out the loan? I Karen made an investment of $2500, two years ago to go on a trip. She invested the money at 7.2% per annum, compounded semi-annually. Her investment will mature in three years. Dwayne would also like to go on the trip. However, he hasn't started saving yet. How much must he invest today at 9.6% per annum, compounded monthly to have the same amount as Karen will have three years from now? 9

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