Question: Problem 5-1 (Simal 10) (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 8 years at 10 percent compounded annually.

Problem 5-1 (Simal 10) (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 8 years at 10 percent compounded annually. b. $8,200 invested for 8 years at 8 percent compounded annually. c. $770 invested for 13 years at 12 percent compounded annually. d. $21,000 invested for 6 years at 5 percent compounded annually Test a. To what amount will $5,000 invested for 8 years at 10 percent compounded annually accumulate

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