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1. For a rate of 8.3%p.a. calculate the exact time for an account to double in value with compounding. Answer in years to 2 decimal

1. For a rate of 8.3%p.a. calculate the exact time for an account to double in value with compounding. Answer in years to 2 decimal places

2. Apply a rate 6.6%p.a. to an initial investment of $100 to determine how much an account will hold with compounding after 5 years.

3. Given a rate of 8.2%p.a., calculate the present value of a future value of $100 that comes in 5 years time.

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