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You invest $5,000 for 3 years at an annual interest rate of 6%. The interest is compounded annually.

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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou invest $5,000 for 3 years at an annual interest rate of 6%. The interest is compounded annually. Need helpYou deposit $10,000 in an account that pays 4.5% interest compounded quarterly. Find the future value after one year.
- You have $6,000 to invest in a 5-year certificate of deposit (CD) that pays 10% interest compounded annually. How much will you have when the CD matures?You borrow $8,000 at an annual interest rate of 7%, and it compounds yearly for 2 years. What is the total amount payable?You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years. What is the interest rate earned? Round your answers to the nearest whole number
- Payments of $1000 each are made at the end of every year for 6 years to a savings account. Calculate the accumulated value or future value of the account at the end of 6 years. The interest rate is 5% compounded annually.You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years. What is the periodic deposit at the end of each year?Find the future value of $300 deposited at the beginning of every year, for 15 years if the bank pays 6% interest compounded annually.

