What will a $150,000 house cost 6 years from now

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Reference no: EM133558080

1. If ?$6,000 is invested at ?3% compounded monthly, what is the amount after 4 ?years?

(round to the nearest cent.)

2. if $6,000 is invested at 5% compounded quarterly, what is the amount after 4 years?

(round to the nearest cent.)

3. if $350 is invested at a 8% compounded

(A) annually

(B) quarterly

What is the amount after 5 years? How Much interest is earned?

(round all to the nearest cent.) (Has Multiple parts)

4. A newborn child receives a $5,000 gift toward a college education from her grandparents. How much will the $5,000 be worth in 17 years if it is invested at 5.6% compounded? quarterly?

It will be worth $______? (round to the nearest cents.)

5. What will a $150,000 house cost 6 years from now if the price appreciation for homes over that period averages 4% compounded? annually?

Reference no: EM133558080

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