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How much money will be in the account

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1. You invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. How much money will be in the account after 5 years? Round your answer to the nearest whole number and include units. Show work.

2. Suppose the population of a town is 3,400 in 2000. The population decreases at a rate of 2% every 20 years. What will be the projected population in 2040? Round your answer to the nearest whole number and include units.

3. You invest an initial $2,000 in an account that has an annual interest rate of 6%, compounded daily. How much money will you have in the account after 15 years? Round your answer to the nearest whole number.

4. You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. How much money will you have in the account after 5 years? Round your answer to the nearest whole number and include units.

Reference no: EM131397112

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