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1-If my bank account returns 15% but compounds interest daily how much money must I deposit today so that I may have $2,500 in six

1-If my bank account returns 15% but compounds interest daily how much money must I deposit today so that I may have $2,500 in six years?

Group of answer choices

$1,016.61

$1,010.67

$1,26.15

1,982.07

________________________

2-How long will it take $400 to become $1000 if you invest it at 6%

Group of answer choices

5.23 years

12.09 years

8.48 years

15.73 years

___________________________

3-How long will it take $700 to become $1000 if you invest it at 4%?

Group of answer choices

9.87 Years

10.54 Years

9.09 Years

8.51 Years

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4-If I need $15,000 in 11 years what rate of interest must I demand if I only have $9,500 to invest?

Group of answer choices

4.24%

8.06%

3.75%

4.66%

____________________________

5-If I need $8,000 in 10 years what rate of interest must I demand if I only have $5,500 to invest?

Group of answer choices

3.05%

7.35%

4.25%

3.82%

____________________________

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