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L. If you are depositing your money 500,000.00 today in a bank with compounded monthly interest nte of 6% for 10 years, how much you

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L. If you are depositing your money 500,000.00 today in a bank with compounded monthly interest nte of 6% for 10 years, how much you will receive after 10 yers? 2. Your parents are planning to set a trust fund for you when you become 18 years old. They want you to recelve on your 18 anniversary 3 million. You are now 8 years old. How much should they save each year if the interest rate is 7% month

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