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1. What is the maturity value of a five year term deposit of $5,000 at 3.5% compounded semi-annually? How much interest did the deposit earn?
1. What is the maturity value of a five year term deposit of $5,000 at 3.5% compounded semi-annually? How much interest did the deposit earn? 2. How much will a registered retirement savings deposit of $1,500 be worth in 15 years at 3.45% compounded quarterly? How much of the amount is interest? 3. A loan for $5,000 with interest at 7.75% compounded semi-annually is repaid after 5 years, 10months. What is the amount of interest paid?
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