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Question 4 (0.8 points) Last national bank offers a CD paying 5% interest (compounded annually). If you invest $1000 how much will you have in
Question 4 (0.8 points) Last national bank offers a CD paying 5% interest (compounded annually). If you invest $1000 how much will you have in $ at the end of year 8. Your Answer: Answer Question 5 (0.8 points) You want to buy your dream car which will cost you $5100. If you could invest your entire savings of $4000 at an annual interest of11%, how long in years rounded to two decimal places) would you have to wait until you have accumulated enough money to buy the car? Your Answer: Answer Next Page Page 1 of 7
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