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1. How much will you have after 6 years if you invest $15,000 at 6.5 % per year compounded annually? Quarterly?

2. How much will you have at the end of 10 years if you invest $20,000 at 3.5 % per year compounded monthly?

3. How much do you need to invest now at an 8 % interest rate compounded semi- annually in order to have $10,000 in 5 years?

4. Find the present value of $12,000 due 4 years from now if the rate of interest is

6.0 % per year and is compounded quarterly.

5. How long does it take for an amount of money invested at 4.5 % interest com- pounded monthly to triple?

6. What rate of interest compounded quarterly doubles an investment over 10 years?

7. What rate of interest compounded continuously doubles an investment over 10 years?

Microeconomics, Economics

  • Category:- Microeconomics
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