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#6 is what im having trouble with For #1 -# 5 answer the following question. How much is in an account if $1,000 is invested

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For #1 -# 5 answer the following question. "How much is in an account if $1,000 is invested at 2% interest for 10 years?" 1. Compute using simple interest. Show your work. Round to the nearest cent as needed. (7 points) 2. Compute using simple interest where the interest is added to the account every 6 months. Use the provided spreadsheet to answer this question. Use 0.02 as the rate. You need to put the numbers in the yellow cells. Don't change anything in the other cells. Only type in the yellow cells. When adding, round all numbers to the nearest cent. What is your final answer? Be sure to upload the spreadsheet! (8 points) 3. Compute using the compound interest formula for 2 compoundings per year. Show your work. Round to the nearest cent as needed. (7 points) Semiannually 1,000(1 0.022x10 Compare your answrs for questions 2 and 3. You should notice that they are close. If they are not close, recheck your work. 4. Compute using the compound interest formula for 12 compound ings per year. Show your work. Round to the nearest cent as needed. (7 points) MOnthly 5. Compute using the compound interest formula for 365 compoundings per year. Show your work. Round to the nearest cent as needed. (7 points) dai 6. Write a sentence to compare/contrast your answers to question 1 and question 5. (7 points)

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