question 2,3, and 4

was paiu rat uy INC. - debt of $2500 is incurred at / -2. An annual simple interest rate of 8% on the unpaid balance is agreed on. Three equal payments are made at = 4, 5, and 6 to pay off the debt, including interest payments. Determine the size of each payment. (2.3) 3. How long does it take a deposit in a 4% compound interest fund to double in value? (2.4) 4. How much money today is equivalent to $10,000 in 12 years, with interest at 10% compounded annually? (2.4) 5. If $5000 is deposited into a fund paying 8% compounded annually, what sum will be accumulated at the end of 10 years? What would be the sum accumulated at the end of 5 years if the fund paid 16% compounded annually? What is suggested regarding doubling the interest rate and halving the length of the time period? If you had $5000 available for investment and the two options were available, which would you choose if you had to choose one of them? Justify your choice. If you chose the shorter duration investment, what will you do with your accumulated monies over the next 5-year period? Should the answer to this question influence your choice? (2.4) 6. If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end of the tenth year? If the fund pays 6% compounded annually, what single deposit is required now in order to accumulate $6000 at the end of the tenth year? (2.4)