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4) Determine interest rate, number of interest periods & future sum of money for the following. (9 marks) i n F a) $1000 invested at
4) Determine interest rate, number of interest periods & future sum of money for the following. (9 marks) i n F a) $1000 invested at 4% compounded annually for 3 years b) $500 invested at 8% compounded quarterly for 1 year c) $650 borrowed at 6.5% compounded weekly for 1 year d) $5000 borrowed at 19.5% compounded bi-weekly for 2 years e) $300 invested at 3% compounded bi-annually for 20 years f) f) $300 borrowed at 6% compounded monthly for 2 years
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