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1. Suppose you deposit $2,000 today in an account that pays 6 percent interest, com- pounded semi-annually. What will the account balance be at the

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1. Suppose you deposit $2,000 today in an account that pays 6 percent interest, com- pounded semi-annually. What will the account balance be at the end of the fifth year? 2. How many months will it take for $1,500 to double in an account that has an APR of 2.5 percent, compounded quarterly? 3. You are looking for an investment that pays monthly interest and can triple your money in 15 years. What annual rate of return does the investment need to be making

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