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9. How much is the future value of an investment of $6300 at 2.6%/a compounded weekly for 1.5 years? a. $6347.31 C. $6550.49 b. $6420.81

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9. How much is the future value of an investment of $6300 at 2.6%/a compounded weekly for 1.5 years? a. $6347.31 C. $6550.49 b. $6420.81 d. $6800.98 10. Which word or phrase cannot be used to describe the total amount for an investment that is calculated by applying the interest rate to the principal and any interest already earned? a. geometric series c. linear function b. exponential growth d. compound 11. Calculate the present value of the investment described in the table. Rate of Compounding Time Compound Future Value Period Interest per Year I 5.6% annually 3 years $8000 a. $2107.25 c. $6793.57 b. $5128.21 d. $9420.67

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