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2) Chuck deposited $25 in an account that pays 4.25%, how much will be in his account in 15 years? 45 years? 110 years? 3)

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2) Chuck deposited $25 in an account that pays 4.25%, how much will be in his account in 15 years? 45 years? 110 years? 3) Michael makes a $500 investment. At the end of 5 years, he has 700. Assuming that the interest is compounded monthly, what is the interest rate earned on his investment? 4) How much will be in Sarah's account in 10 years if she deposits $5000 in an account that pays 10% interest per year, compounded semi- annually? 5) Andrew is a high speed 25 year old. He wants to have a quarter of a million dollars by the time he reaches 60. If he can earn 6%, how much does he need to invest to reach his goal? 6) losanbalco

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