1. If you invest 75,000.00 today at 7% interest for ten years with monthly compounding how much of your total will be due to interest on interest or compounding? 2. If you invest 700.00 a month for 10 years at 6% interest and then start investing 1 0 00 a month at 8% interest for another 10 years how much money will you have? 12 Answer :/, 7 , 37 51 giving 3. If you want to create a scholarship giving away 10,000.00 a year forever and you invest 266,666.67. What constant interest rate would you need to receive to reach your goal? Answer 25 4. If you invst 500.00 a month for 15 years and at the end of fifteen years you have 151,777.61, what annual intrest rate did you receive? Answer. 6.5 % 5. Assume you want to buy a new carwhen you graduate 30 months from now and you will need to have a 5,000.00 down payment. How much will you have to save each month between now and then to have five thousand dollars if you can make 5%gh your money? Answer 156 8