1. You deposit $500 in an account earning 8% interest compounded annually. How much will you have in the account in 20 years?

2. You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in the account in 10 years?

3.How much would you need to deposit in an account now in order to have $2000 in the account in 15 years? Assume the account earns 2% interest compounded monthly.

4.Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY for this account?

5.Find the time required for an investment of 6,000 dollars to grow to 10,000 dollars at an interest rate of 9% per year, compounded monthly. Give your answer accurate to 2 decimal places.