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5) How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years? 6
5) How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years? 6. If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account? 7. If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account? 8. At 3% annual interest compounded monthly, how long will it take to double your money?
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