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1. You deposited $2600.00 today in a saving account at Fransi Bank that pays you 3% interest per year. How much money you will get
1. You deposited $2600.00 today in a saving account at Fransi Bank that pays you 3% interest per year. How much money you will get at the end of the first year? You need 511600.00 for your tuition expenses in 5 years how much should you deposit today in a saving account that pays 3% per year? 2. You invest $116.00 today at 5% interest for 3 years, if interest is compounded under annually and semi-annually. Annually: Semi-annually: 3. How many years will it take for $137600.00 to grow to be $469600.00 if it is invested in an account with an annual interest rate of 8%? 4. You plan to borrow $5001.00 now and repay it in 25 years as equal annual payments that will be made at the end of each year. If the annual interest rate is 30.00%, how much will your annual payments be
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