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FIN 3351 (2) Homework: Ch. 5 Score: 0 of 1 pt 2 of 10 (1 complete) Problem 5-2 (similar to) (Compound interest) To what amount

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FIN 3351 (2) Homework: Ch. 5 Score: 0 of 1 pt 2 of 10 (1 complete) Problem 5-2 (similar to) (Compound interest) To what amount will the following investments accumulate? a. $5,100 invested for 8 years at 11 percent compounded annually b. $8,100 invested for 8 years at 9 percent compounded annually c. $750 invested for 11 years at 12 percent compounded annually d. $22,000 invested for 5 years at 5 percent compounded annually a. To what amount will $5,100 invested for 8 years at 11 percent compounded annually accumulate? (Round to the nearest cent.) FIN 3351 (2) Homework: Ch. 5 Score: 0 of 1 pt 3 of 10 (1 complete) Problem 5-3 (similar to) (Compound value solving for n) How many years will the following take? a. $500 to grow to $1,296.87 if invested at 10 percent compounded annually b. $41 to grow to $61.53 if invested at 7 percent compounded annually c. $115 to grow to $441.12 if invested at 13 percent compounded annually d. $53 to grow to $75.18 if invested at 6 percent compounded annually a. How many years will it take for $500 to grow to $1,296.87 if invested at 10 percent compounded annually? years (Round to the nearest whole number.)

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