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help pls !! write/type out pls 2) Tim currently has $60,000 to invest. He will invest this money in an account that pays 4% interest

help pls !! write/type out pls image text in transcribed
2) Tim currently has $60,000 to invest. He will invest this money in an account that pays 4% interest compounded semiannually for 8 years. How much money will Tim have at the end of 8 years? 3) John wants to have $700,000 in 15 years. He opens an account today and will earn 6% interest, compounded semi-annually. How much money must John invest today to reach his goal? 4) Julie is opening up a retirement account today. The account will pay 6% interest compounded annually. She plans to invest $6,000 per year for 25 years at the beginning of the year. How much will she accumulate at the end of 25 years? 5) Michael has just won the lottery! He has an option of taking a lump sum of $17 million or can be paid $900,000 per year for 30 years at the end of the year. The discount rate is 3%. Which option is better? 6) Marie invested $35,000 today in an account that pays 4% annual compound interest. She wants to know how long it will take for her investment to grow to $70,000. She will not be depositing or withdrawing any money over the investment time horizon. Find time period (nper)

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