In February of 2000 the NASDAQ Composite index peaked at a level of 4,686 (just before the Tech Bubble popped). In February of 2006 it was at a level of 2,060, The NASDAQ index has historically grown at an average annual rate of 8.5%. If the index continues to grow at its historic mte, then how many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000 level? How many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000 level? years (Round to the nearest whole numbet:) You deposit S300 in a bank in a 2-year time deposit. With a time deposit you cannot withdraw funds from the account until the end of the term. Interest in the account is compounded semiannually (m2) at the annual nominal rate of 12%. In the final compounding interval, what is the dollar amount of interest that is came from earlier interest (rather than off of the original principal? In the final compounding interval, what is the dollar amount of interest that is earned from earlier interest? (Round to the nearest cent.) A bank advertises a nominal annual interest rate of 8.3% on a loan. However, interest is compounded monthly. In decimal form, what is the effective interest rate on the loan? In decimal form, what is the effective interest rate on the loan? (Enter your answer in decimal form. Round to four decimal places.)