1.)An investment of $3,600 accumulates interest at the rate of 8% compounded semi-annually. Calculate the accumulated value after 5 years.

2.). How much did you borrow 2 years ago at 5% compounded monthly if you now owe $2,762.35?

3. A home purchased 25 years ago for $80,000 will sell for $320,000 today. Find the rate of increase in the value of the home if the rate is:

(a) compounded annually?

(b) compounded semi-annually?

(c) compounded monthly?