Account that pays simple interest

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Reference no: EM13753148

1) you invest $3000 in an account that pays simple interest of 2% for 20 years. how much will you have at the end of 20 years?

2) $8000 invested at an APR of *% for 2 years. if interest is compounded annually, what is the amount of money after 2 years?

3) $12,000 is invested for 6 years with an APR of 2% and quarterly compounding. the balance in the account after 6 years is $__?

4) $24,000 is invested for 3 years with an APR of 2% and daily compounding. the balance in the account after 3 years is $__?

5) $8000 is invested for 15 years with an APR of 4% and monthly compounding. the balance in the account after 15 years is $__?

Reference no: EM13753148

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Account that pays simple interest : you invest $3000 in an account that pays simple interest of 2% for 20 years. how much will you have at the end of 20 years? $8000 invested at an APR of *% for 2 years. if interest is compounded annually, what is the amount of money after 2 years? $12..

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