Using the formula, determine how much money you would have if you put 1,000 in the bank at an interest rate of 7% and kept it
there for 5 years.
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Using the formula, determine how much money you need to put into the bank to have $1,500 in 4 years if the interest rate is 5%.
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Using the calculator answer the following questions.
How much money would you have in the bank if you deposited $50 at an interest rate of 4%, after 6 years?
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In order to have $1,000 in the bank in 6 years, if your interest rate is 6%, how much money do you have to deposit today?
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If you deposited $1,500 in the bank 5 years ago and today you have $1,875, what interest rate did you receive?
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How many years would it take for your bank account to grow from $750 to $1,250 if you received an interest rate of 5%?
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