Assignment Instructions/ Description
Image transcription text1. An account pays 3.64% interest, compounded bi-weekly. Tyler invests money into this
account and after 3 years, the value has grown to $4225.
a) How much did he invest?
b) How much interest was earned?
2. $2375 is invested into an account that pays 1.56% interest compounded monthly, for 4
years.
J. a) What is the value of the investment after 4 years?
b) How much interest was earned?
4. Marques deposits $320 every month into an account earning an annual interest rate of
4.5% compounded monthly. How much would he have in the account after 29 months, to
the nearest dollar?
5. London is saving money and plans on making quarterly contributions into an account
earning an annual interest rate of 8.8% compounded quarterly. If London would like to
end up with $47,000 after 10 years, how much does she need to contribute to the account
every quarter, to the nearest dollar?
6. A certain account pays 4.68% interest, compounded weekly. Jenelyn wishes to invest
money into this account today so that she will be able to withdraw $50 every week for the
next year.
a) How much must she invest today?
b) How much interest does she earn?
7. Justin decided to invest $800 at the end of every 6 months into an account that pays
2.75% interest compounded semi-annually, for 5 years.
a) What is the value of the investment after 5 years?
b) How much interest was earned?... Show more�