Question: please make sure to show all work using formulas thankyou Instructions: Show all of your work for maximum credit using the formulas. There are 30

please make sure to show all work using formulas thankyou

Instructions: Show all of your work for maximum credit using the formulas. There are 30 points possible. 1) (5 points) How much must you deposit today if you can earn 4.80% annual rate of interest (with monthly compounding) in order to have $29,000 seven years from now? 2) (4 points) How many years will it take for an investment to be worth $8,379.23 in the future, with a deposit today of $6,100 at a 6.40% annual rate of return with quarterly compounding

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