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I receive my tax return of $5000 and deposit it in an interest bearing account at the bank. It receives 7% interest compounding quarterly. What

  1. I receive my tax return of $5000 and deposit it in an interest bearing account at the bank. It receives 7% interest compounding quarterly. What is the amount of interest that you earned after 10 years?
  1. What is the future value of $10,000,000 at 5% interest compounded quarterly over 20 years?
  1. What is the future value of $250,000 at 7.5% interest compounded semi-annually over 15 years?

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