Q1. How much should be deposited in an account paying 6% interest, compounded semiannually, in order to have a balance of $7,000 after29 years and6 months?

Principal$_________

Q2. Suppose $90,000 is invested into an account where interest is compounded quartely. After 30 years the balance is $448,556.

What was the interest rate as a percent?

Interest Rate_____%

Q3. A credit union client deposits $700 in an account earning 7% interest, compounded monthly. What will the balance of the account be at the end of 32 years?

Balance$_______ after 32 years