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Questions: 1. Marti's coin collection contains twenty 1937 silver dollars. Her grandparents purchased them at face value ($50) in 1937. These coins have appreciated by

Questions:

1. Marti's coin collection contains twenty 1937 silver dollars. Her grandparents purchased them at face value ($50) in 1937. These coins have appreciated by 8 percent annually. How much will the collection be worth in 2020?

Present value Years Interest rate Future value

2. Five years ago, you invested $1,800. Today it is worth $2,215. What rate of interest did you earn?

Present value Years Interest rate Future value

3. On your tenth birthday, you received $400 which you invested at 6.2 percent interest, compounded annually. Your investment is now worth $856. How old are you today?

Present value Years Interest rate Future value

4. How much more money would you make on investments that pays interest compounded annually and that pays simple interest , given the 8% interest rate, $150,000 deposit amount and 15 years?

Interest rate Deposit # of years

Simple interest per year
Total simple interest
FV with simple interest
Compound interest
Difference

If you could do all 4 that would be really appreciated! I will make sure to thumbs you up. Thanks

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