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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Homework 1.3

Homework 1.3

Q Question 1. Version 2*/2. Score: 8/8Expand Suppose you deposit $3600 into a savings account that earns 21.36% interest, compounded monthly. Fill in the following table, rounding to the nearest cent. Question 2. Version 1*/1. Score: 1/1 You deposit $300 in an account earning 8% interest compounded annually. How much will you have in the account in 20 years? Question 3. Version 6*/6. Score: 1/1Expand You deposit $2000 in an account earning 6% interest compounded monthly. How much will you have in the account in 5 years? Question 4. Version 4*/4. Score: 1/1Expand How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns 3% interest compounded monthly. $ Correct Question 5. Version 2*/2. Score: 2/2Expand Suppose you borrow $800 at 11.7% compounded semi-annually for 17 years.

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1.64.08 ,3664.08,65.22 ,3729.30 ,66.38,3795.68,67.56 ,3863.24 2.1398.29 3.2697.70 4.4446.57