- Jessica invests $7000 in a savings account with a fixed annual interest rate of 5% compounded 2 times per year. What will the account balance be after 6 years?
- Daniel invests $5426 in a savings account with a fixed annual interest rate of 6% compounded 12 times per year. What will the account balance be after 9 years?
- Brenda invests $3895 in a savings account with a fixed annual interest rate of 6% compounded 4 times per year. How long will it take for the account balance to reach $6272.21?
- Brenda invests $7128 in a savings account with a fixed annual interest rate of 8% compounded 3 times per year. How long will it take for the account balance to reach $9775.10
- Lisa invests $5643 in a retirement account with a fixed annual interest rate compounded 12 times per year. After 16 years, the balance reaches $9114.05. What is the interest rate of the account.
- Lea invests $1656 in a savings account with a fixed annual interest rate compounded 4 times per year. After 6 years, the balance reaches $2824.75. What is the interest rate of the account?
- Nicole invests a sum of money in a retirement account with a fixed annual interest of 5% compounded 6 times per year. After 15 years, the balance reaches $4474.11 What was the amount of the initial investment?