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Please help me solve the problems and name them if you can help me on all I will highly appreciate it! Question 7 2 pts
Please help me solve the problems and name them if you can help me on all I will highly appreciate it!
Question 7 2 pts Suppose you will deposit $100 each month into an account paying 6% interest. Assume that the account is compounded with the same frequency as we make deposits unless stated otherwise. Write down this question in your notebook. You will need it for another question. How much money will be in the account in 2 years? Is this a Simple Interest, Compound Interest or Annuity problem? Explain why you chose this answer. solve the problem. Question 8 2 pts Your city is building a new park Write down this question in your and issues bonds to raise money notebook. You will need it for to build it. You obtain a $1,000 another question. bond that pays 5% interest annually that matures in 6 years. How much interest will you earn? Is this a Simple Interest, Compound Interest or Annuity problem? Explain why you chose this answer. solve the problem. Question 9 2 pts Write down this question in your You deposit $3,000 in a notebook. You will need it for certificate of deposit paying 6% another question. interest, compounded monthly. How much will you have in the account after 20 years? Is this a Simple Interest, Compound Interest or Annuity Problem? Explain why you chose this answer? solve the problem. Edit View Insert Format Tools Table 12ptv Paragraph Step by Step Solution
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