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Question 8 Compound Interest Show calculations to answer the following: a) Calculate the value in 3 years of an investment of $5,000 earning 5% pa
Question 8 Compound Interest Show calculations to answer the following:
a) Calculate the value in 3 years of an investment of $5,000 earning 5% pa compound interest.
b) Calculate the value in 5 years of an investment of $6,000 earning 10% pa compound interest.
c) Calculate the value in 2 years of an investment of $20,000 earning 3% pa compound interest.
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