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QUESTION 5 You plan on using your savings account to fund semiannual trips to Disney that you estimate will cost $2,000 on average. You just
QUESTION 5 You plan on using your savings account to fund semiannual trips to Disney that you estimate will cost $2,000 on average. You just deposited $30,000 into this savings account. If the account earn 10% compounded semiannually, how many trips can you take? QUESTION 6 You just deposited $5,000 into an account. If you allow the money to grow for compounded quarterly. years, what will be your ending account balance? Assume the account has earned 8% QUESTION 7 You originally opened a savings account with a $4,000 deposit. Today the account has a balance of $10,000. 5 years have passed since you opened the account. What rate of interest have you earned assuming the account has compounded annually? QUESTION 8 You originally opened a savings account with a $4.000 deposit. Today the account has a balance of $10,000. If the account has been earning 11% interest compounded annually, how many years have passed since you opened the account
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