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Question 6 Homework Unanswered Suppose you are planning to deposit $3,000 in a bank account. You'd like your deposit to grow to $7,000 in 3
Question 6 Homework Unanswered Suppose you are planning to deposit $3,000 in a bank account. You'd like your deposit to grow to $7,000 in 3 years. If interest in the account compounds weekly, what annual interest rate do you need? Answer in percentage and round to one decimal place (e.g., 5.43%-> 5.4). Type your numeric answer and submit Question 7 Homework. Unanswered Suppose you deposited $3,000 in a savings account earning 3.4% interest compounding daily. How long will it take for the balance to grow to $8,000? Answer in years rounded to one decimal place. (e.g., 2.4315 years --> 2.4) Type your numeric answer and submit
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