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4. In how many years will $5000 grow to $5570 at 6% compounded monthly? 5. Suppose $3500 earns an interest of $350.85 in one year.

4. In how many years will $5000 grow to $5570 at 6% compounded monthly? 5. Suppose $3500 earns an interest of $350.85 in one year. What is the nominal annual rate of interest compounded annually? 6. Compute the value of an investment 8 months before the maturity date that earns interest at 6% p.a. and has a maturity value of $884

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