How much money will you have in 8 years if you invest $4000 at 3 ½ % compounded quarterly?
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2. Your grandparents purchased a 1955 Mercedes Benz for $300 that year, the value of the carincreased with an annual compound of 2%. How much is the car worth if you sold the car today?
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3. How much money do you need to invest at an annual compound rate of 2 % % in order to have
$12,000 after 7 years?
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4. How much money will you have in 6 months if you invest $1000 at 3% compounded monthly?