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Q7) If you deposit $1,589 into an account paying 16.00% annual interest compounded monthly, how many years until there is $46,699 in the account? Q8)

Q7) If you deposit $1,589 into an account paying 16.00% annual interest compounded monthly, how many years until there is $46,699 in the account?

Q8) What is the value today of receiving a single payment of $48,014 in 12 years if your required rate of return on this investment is 06.00% compounded semi-annually?

Q9) If you deposit $438 at 08.00%annual interest compounded daily, how much money will be in the account after 4 years? (Assume that there are 364 days in a year)

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