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please answering question4,5and6 4. Principle: 3000 Interest rate: 15%(annualized) Compounded annually (once a year) The period of deposit in the bank is 3 year What
please answering question4,5and6
4. Principle: 3000 Interest rate: 15%(annualized) Compounded annually (once a year) The period of deposit in the bank is 3 year What is the future value (total principal and interest) after 3years? Round off to the nearest whole number (E.g., 2004.2=2004 : 203.5=204) |(Required) 5. Principal:1000 Number of compounding periods per year: 24 The period of deposit in the bank is 4 years Interest rate: 10% What is the future value (total principal and interest) after 4 years? Round off to the nearest whole number (Required) 6. Principal:1000 Number of compounding periods per year: 365 The period of deposit in the bank is 10 year Interest rate: 20% What is the future value (total principal and interest) after 10 years? Round off to the nearest whole number (Required) Step by Step Solution
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