13.

our brother, who is 6 years old, just received a trust fund that will be worth $25,000 when he is 21 years old. If the fund earns 10 percent interest compounded annually, what is the value of the fund today?

Group of answer choices

$104,602

$6,575

$5,975

$6,875 14.

You deposited $2,000 seven years ago and havent touched the account since. Now you have $3,656 in the bank. What was the interest rate?

Group of answer choices

6%

7%

8%

9% 15.

Find the future value in two years of $100 that is deposited in an account, which pays 12%, compounded monthly.

Group of answer choices

$160.00

$112.70

$118.80

$125.40

$126.97