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Two years ago my daughter was born. On the day she was born I put $4000 into an account for her. The account earned i%

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Two years ago my daughter was born. On the day she was born I put $4000 into an account for her. The account earned i% annually (you'll need to find out what that interest rate is). That interest rate on the account will be fixed until she turns 9, at which point I will transfer whatever is in that account into a new one which is expected to earn 6% per year, and then I'll leave that money in that account until her 16th birthday. I plan to take her to Italy to visit her Nona when she turns 12. I expect that trip to cost $6000 and I intend to withdraw that amount from the account. On her 16th birthday her account has a positive balance of $622. Find the interest rate of her initial account. 1-2% O2-3% 3-4% 4-5% None of the above You deposit $10k into an account for 2 years that pays 6% APR compounded monthly. After the 2 years you withdraw the funds from that account and deposit them into another account that pays 12% APR compounded weekly. You leave the money in there for 2 years and then after that you withdraw the funds. Then your mom gives you $5000, and you deposit all of that into an account that pays 6% per year for 3 years. What do you have in the account at the end (within $20)? 23,016 23,056 23,096 23.136 None of the above

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