References Mailings Review View Help Zahra Mahyan zu Pcomment Free 1) How many months will it take for $5000 to grow into $6000 if interest is 2.3% p.a. 2) What is the annual rate of interest if $3000 becomes $8000 in 60 years. I 3) How much is the initial balance of an account if it has grown to $10000 in 5 years with the 3.2% p.a. interest rate? 4) I have a $600 to pay in 3 months and a $1200 to pay in 18 months. I would like to combine them into a single payment to be paid in 12 months from today. How much is the value of this single payment if interest is 2% p.a.? 5) $1800 is borrowed today and is to be paid in two equal payments to be made in 12 and 15 months from today. Find the value of each payment. Hint: The values of each of these payments are equal