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1a.) Determine when, to the nearest year, $2,000 invested at 5% per year, compounded daily, will be worth $10,000. 1b.)Calculate, to the nearest cent, the
1a.) Determine when, to the nearest year, $2,000 invested at 5% per year, compounded daily, will be worth $10,000.
1b.)Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.
6% per year, compounded daily (assume 365 days/year), after 12 years
1c.) Compute the specified quantity.
The simple interest on a $2,000 loan at 2% per year amounted to $360. At what time t did the loan mature (in years)?
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