Question: please answer the following questions thanks Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if



please answer the following questions thanks
Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if it earns 7.07% compounded quarterly? Express your answer in years rounded to 2 decimal places. Your Answer: Answer Question 7 (1 point) Shares in Megacorp increased in value by 7.14% in 2006, 7.79% in 2007, dropped by 11.50% in 2008 and rose again by 6.23% in 2009. Calculate the overall rate of return of Megacorp shares over the 4 year time period? Round your answer to 2 decimal places. Your Answer: Question 8 (1 point) Calculate the annual effective rate equivalent to a nominal rate of 6.12% compounded quarterly. Round your answer to 2 decimal places (as a percent but don't include the % sign). Your Answer: Answer Question 9 (1 point) When she was born, Karen's grandparents put $15,000 into a trust fund for her. Karen is now 20 years old and the fund has grown to $34,117. Calculate the annual compound rate of growth that the trust fund earned over the 20 years. Express your answer (j1) as a percent to 2 decimal places but don't include the % sign. Your Answer: Question 10 (1 point) Calculate the quarterly compounded rate (34) equivalent to a monthly compounded rate of 9.99% (j12). Round your answer to 2 decimal places. Your
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