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Suppose you had an interest rate of 16%. If you began with $39 CAD, how much would you have at the end of the year

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Suppose you had an interest rate of 16%. If you began with $39 CAD, how much would you have at the end of the year if interest was: (a) Simple? (b) Compounded quarterly? (c) Compounded monthly (1/12 of a year)? (d) Compounded weekly (1/52 of a year)? Problem #7(a): Answer correct to 2 decimals Problem #7(b): Answer correct to 2 decimals Problem #7(c): Answer correct to 2 decimals Problem #7(d): Answer correct to 2 decimals

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