2. You are given $40,000 today which you invest at an interest rate of 6% per year for 12 years, compounded monthly.

How much will you have at the end of the 12 years?

3. You will invest $4,000 per year into an investment that will earn 10% per annum compounded annually. The payments will be made at the end of each year.

How much will you have at the end of 8 years?

4. You will invest $4,000 per year into an investment that will earn 10% per annum compounded annually. The payments will be made at the beginning of each year.

How much will you have at the end of 8 years?

5. You invested $10,000 today into an investment that accumulates to $15,938.48 in 8 years. What was the interest rate that was earned? (Annual compounding)