Question: use compound interest table, formula, EAIR. show work and CFD 154. How much money must be invested in an account that pays 6% per year

use compound interest table, formula, EAIR. show work and CFD

154. How much money must be invested in an account that pays 6% per year in- terest to be worth $20,000 at the end of 8 years if (forgetting leap years and making "convenient" assumptions): a. Interest is compounded annually? b. Interest is compounded semi-annually? c. Interest is compounded quarterly? d. Interest is compounded monthly? e. Interest is compounded weekly? f. Interest is compounded daily? g. Interest is compounded hourly? h. Interest is compounded minutely? condly

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