question 22

Principal Rate Time 4% $2000 21. 4 years 22. 2% $5000 6 years $18,000 1% 23. 3 years 24. $10,000 3% 12 years For each deposit, find the future value (that is, the final amount on deposit) when compounding occurs (a) annually, (b) semiannually, and (c) quarterly