13) Assume Bill Jones invested $ 4,065.85 into an account exactly one year ago. The account has an interest rate of 7.1 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).

Ans-(4,354.53)

14. Assume Sheryl Jenkins wants to accumulate $ 13,510.70 in two years. She currently has $ 10,021.40 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,021.40 today) to have $ 13,510.70 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8).

Ans-16.1

15) Assume Jed Gerbil invested $ 14,669 into an account exactly two years ago. The account has an interest rate of 13.8 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).

Ans- 18997.00

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