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Question: 3 points if 450 is invested at 8 compounded...

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(3 points) If $ 450 is invested at 8% compounded what is the amount after 9 years? How much interest is earned? () If it is compounded annually the amount is S 899.552and the earned interest is $449.552 (ii) If it is compounded quarterly the amount is $ 917.95 (ii) If it is compounded monthly the amount is $ () annually (ii) quarterly (i) monthly and the earned interest is $ 467.95 and the earned interest is $

e ponta ow ing wn t g ) (a) 6% compounded monthly. (b) 7% compounded annually. (a) It will take (b) It will take years (your answer should be a decimal number years (your answer should be a decimal number).

(2 points) Over a 10 year period, an original principal of $4500 accumulated to $7025 in an account in which interest was compounded semiannually. Determine the effective annual rate of interest (rounded to 2 decimal places). The effective annual rate of interest is

(2 points) To what sum will $7000 amount to in 10 years if invested at a 3% effective annual rate for the first 5 years and than at a rate of 5% compounded semiannually thereafter? The amount is $

(2 points) A trust fund for an 8-year-old child is being set up by a single payment so that at the age 21 the child will receive $30000. Find how much the payment is if an interest rate of 3% compounded semiannually is assumed. The payment is S

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