Compound Interest Problems. 1. Complete the following chart. Principal Time Interst Rate #of Interest Interest Future Compounded Semi-annual Annual Quarter Semi-Annual Periods Rate/Period An Value ears $1,600 | 2 years | 6% $15,000 | 12 years | 3.5% $10,000 | 6 months | 8% $2,000 | 3 years | 12% 2. Lynn Ally loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 6% interest compounded semi-annually. How much will Lynn receive at the end of 8 years? 3, Lee Holmes deposited $15,000 in a new savings account at 9% compounded semi-annually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% compounded semi-annually. At the end of 6 years, what is the balance in Lee's account? 4. Lee Wills loaned Audrey Chin $16,000 to open a hair salon. After 6 years, Audrey will repay Lee with 8% interest compounded quarterly. How much will Lee receive at the end of 6 years? 5. Pete Air wants to buy a used Jeep in 5 years. He estimates the Jeep will cost $15,000. Assume Pete invests $10,000 now at 12% interest compounded semi-annually. will Pete have enough money to buy his Jeep at the end of 5 years? Enter the amount he will have at the end of 5 years