Compound Interest Formula:
a) $100 invested at 4% compounded quarterly after a period of 2 years. b) $50 invested at 6% compounded monthly after a period of 3 years. 5) Find the principal needed now to get each amount, that is, find the present value. a) To earn $100 after 2 years at 6% compounded monthly. b) To earn $75 after 3 years at 8% compounded quarterly. ................
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