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2. Determine the Interest earned on each Investment: 1 a) $1500 at 5-% compounded daily for 6 years 2 (6 marks) b) $300 at

2. Determine the Interest earned on each Investment: 1 a) $1500 at 5-% compounded daily for 6 years 2 (6 marks) b) $300 at 8% compounded semi-annually for 9.5 years c) $450 at 3.75% compounded monthly for 20 years 3. Determine the value of / or : (4 marks) a) 2.6533 = (1+1) 20 b) 1.4233 (1+0.04)"

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