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2.The day you were born, your parents invested $9,000 in an account that earns 10.5% per annum compounding quarterly. You are 21 today. If there

2.The day you were born, your parents invested $9,000 in an account that earns 10.5% per annum compounding quarterly. You are 21 today. If there have been no withdrawals, the balance of the account is now (answer to the nearest dollar; no comma separators):??

3.$2,000 is invested at 4%p.a compounding semi-annually for the first 4 years and at 14% p.a compounding quarterly for the following 1 years. What is the future value at the end of 5 years? (round to nearest dollar; don't include $ sign or commas)

4.A bond offers a real rate of interest of 2.0% per annum. If expected inflation is 3.0% per annum, the nominal rate of interest per annum, according to the exact Fisher equation, is (in percentage to nearest two decimal places; do not use the percentage sign eg 2.881% is 2.8

5.For the following equation: A=B(1+rt) if A= 8,000 B=4,000 and t= 4, the value of r is (to the nearest two decimal places):

6.I invested $23,000 exactly 7 years ago and the balance is now $86,000. What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. E.g 2.876% is 2.88).

7.Jack has accumulated $99,000 from an initial investment of just $17,000. If the investment earned interest at a rate of 12.9% p.a compounded annually how long ago did Jack make the initial investment? Answer in years to two decimal places.

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