28 and 30

Savings as Security Golda Frankl borrowed $800 for 6 months from her bank using her savings account as security. A bank rule limits the amount that can be borrowed in this manner to 85% of borrower's savings account. The rate of interest is 2% higher than the interest rate being paid on the savings account. The current rate on the savings account is What rate of interest will the bank charge for the loan? Determine the amount that Golda must repay in 6 months. How much money must she have in her account to borrow $800 Comparing Compounding Periods Determine the amount and the interest when $5000 is invested for 5 years at 6% compounded annually. compounded semiannually. compounded quarterly. compounded monthly. compounded daily (use n = 360). Certificate of Deposit Jane Tanner invests $3400 in a 2-year certificate of deposit (CD) that pays 1.5% interest compounded monthly. What will be the value of the CD in 2 years