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1) 2) 3) Assume that Housing cost increase at a rate of 19.5% compounded monthly. The value of your house now is $350,000. (a) What

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Assume that Housing cost increase at a rate of 19.5% compounded monthly. The value of your house now is $350,000. (a) What was the value of your house 3.7 years from now? $ (b) What will be the value of your house 3.7 years from now? $ What amount accumulates to $15,000 if it is invested for 5 years at 5% compounded monthly? (Round your answer to the nearest cent.) $ X $ Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO+ Suppose that $20,000 invested in Microsoft at its IPO price had been worth $1,200,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.) %

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