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QUESTION 7 $1500 is invested on 6/2/05 and withdrawn on 10/20/05 at 4.5%. No leap yearl What is the interest earned and future value? bankers

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QUESTION 7 $1500 is invested on 6/2/05 and withdrawn on 10/20/05 at 4.5%. No leap yearl What is the interest earned and future value? bankers rule 1=67.5 FV=1567 50 1=24.04 FV81524.04 1-26.25 FV-1526.25 1=1726 FV=1517.26 QUESTION 8 On February 1 51000 deposited in an account at 3% and then a second deposit of $500 on May 1. How much total is in the bank account on September 1? How much interest did you accumulatee? 1500 1=0 1515 15 51522.50 122.50 1526,25 126.25

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