How much will she have in her account four years from today

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Reference no: EM132180169

Questions -

Q1. If Jacqulyn invests $700 today in an account that pays 4 percent interest compounded annually, how much will she have in her account four years from today?

Q2. Fifteen (15) years ago, Robert purchased an investment for $2,500. If the investment earned 6 percent interest each year, how much is it worth today?

Q3. Susan plans to invest $500 later today. She wants to know to what amount her investment will grow in 20 years if she earns 12 percent interest compounded (a) annually, (b) quarterly, and (c) monthly.

Q4. Lucy invested $950 five years ago. Her investment paid 7.2 percent interest compounded monthly. Lucy's twin sister Laurie invested $900 at the same time. But Laurie's investment earned 8 percent interest compounded quarterly. How much is each investment worth today?

Reference no: EM132180169

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