semi-annually . 2. Max deposited $3000 into a savings account that earns 6% per year, compounded How much money will he have at the end of 15 years? (4 marks) P = 158 2 A = = 300 0 ( 14 : 06 ) i= - 300 0 ( 1 , 03) 30 n = 2 3. Maggie borrowed $14 000 to buy a new car. The interest rate on her loan is 6.8%, compounded monthly. How much will it cost her to pay off the loan at the end of 8 years? (4 marks) P = A = i = n = 4. Grace's goal is to have $13 000 saved up by the time she turns 30. She found an account that pays 5.8% per year, compounded annually. How much should she invest on her 20th birthday to reach her goal? (4 marks) P =