1.  the appropriate formula finds the compound interest on $5,000 for a term of 4 years at a quarterly compounded rate of 4%.
2. Find the amount that should be set aside today to yield the desired future amount of $8,000 at the compounded quarterly rate of 6% for an investment time of 6 years. Use Table 13-3 or the present value formula.
3. What is the compound interest on a 13% loan of $1,600 for three years if the interest is compounded annually?
4. What is the future value of a deposit of $10,000 for five years at a 4% interest rate compounded semiannually?
5. How much should be invested at 3% annual interest compounded annually to arrive at a total of $800 in 4 years?

Answer rating: 100% (QA)

1 FV P1r4004n 50001440044 500010116 5000 1172578644924 586289 or FV 5000FP 00116 ... View the full answer