QUESTION 4 You just deposited $5,000 into an account. If you allow the money to grow for 6 years, what will be your ending account balance? Assume the account has earned 8% compounded quarterly, QUESTIONS You originally opened a savings account with a $4,000 deposit. Today the account has a balance of $10,000. 4 years have passed since you opened the account. What rate of interest have you earned assuming the account has compounded annually? QUESTION 6 You plan on making monthly payments of $50 to pay off a credit card that you just charged $1.000 to. If the interest rate is 24% compounded monthly, how many months will it take you to pay off the credit card balance? NOTE State your answer in number of months