A)

You want to have $1,500 available in 5 years, and you can make an investment today that earns 2.25% per year, compounded annually. How much do you have to invest today (to the nearest penny)?

B)

Bank A pays a 4.04% interest rate on savings accounts, compounded annually. Bank B pays 4.00%, compounded semi-annually. On a one year investment youre better off (to the nearest penny) putting your savings in

C)

You want to quadruple (grow by 4 times) your money in 15 years. What average annual rate of return (to two decimal places) must you earn, compounded annually, to achieve your goal?