1. ) Lucy invested 7000 Euros at 6% p.a. interest compounded annually. Find the value of this investment after 5 years.
2.) What will an investment of 3000 Euros at 4.8% p.a. interest compounded annually amount to after ears?
3.) 2000 Euros is invested for 4 years at 2.8% p.a. interest compounded annually.
a. What will it amount to at the end of this period?
b. How much interest has been earned?
4.) How much compound interest is earned dby investing 20 000 Euros at 4.2% p.a. over a 4 year period?
5.) How much compound interest is earned by investing $8,000 at 2.9% over a 3 year period?
6.) $20 000 is invested at 4.8% p.a. interest compounded quarterly. Find the value of this investment after:
a. 1 year
b. 3 years
7.) a. What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to after 4 years?
b. How much of this is interest?
8.) How much interest is earned by investing $80 000 at 4.4% p.a. for a 3 year period with interest compounded quarterly?