Question
1. Determine the amount of a $5000 corporate bond earning 14.9% compounded annually for 10 years. 2. Determine the amount of a $2700 bond earning
1. Determine the amount of a $5000 corporate bond earning 14.9% compounded annually for 10 years. 2. Determine the amount of a $2700 bond earning 2.7% compounded annually for 5 years. 3. Prula invests $2000 at 3.2% compounded annually for 5 years. a) Determine the amount of the investment. b) Determine the amount if the interest rate is doubled. 4. Dwight invests $1900 at 3.2% compounded annually for 5 years. a) Determine the interest earned. b) Determine the interest earned if the principal is doubled. 5. Roy has $500 to invest for 2 years. Determine the amount of each investment. Investment A: A Guaranteed Investment Certificate (GIC) earning 5.2% compounded monthly Investment B: A bond earning 5.3% compounded annually
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