Your answer is correct. 7/0.2 E If the bank pays 4 percent interest per year without compounding, how much simple interest will she have earned and how much money will she have at the end of five years? $ Future value eTextbook and Media 4080 Using multiple attempts will impact your score. 20% score reduction after attempt 2 b. Attempts: 2 of 3 used How much money will she have in five years if the bank pays compound interest with annual compounding? (Round answers to 2 decimal places, e.g. 52.75.) Future value C. $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. Search SAMBUNG

Answer the given question with a proper explanation and step-by-step solution. Please provide the answer using the math tool otherwise I give the downvote.

ou have discovered an investment opportunity that earns a 3% rate of interest compounded semiannually. What amount should you deposit today to have $7000 in three years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.) $6400 $6370 $6406 $6402

I SAVED, I PROFIT! Situation 1: Suppose you started a savings account when you were 10 years old with P 500.00, but you have not added any amount to it thereafter. a. Creatively make charts showing the patterns which would lead to the formula in computing your savings account now using 3% simple interest and 3% compound interest quarterly. The chart must contain the important details like the table below; Simple Interest t Principa Annual Balance at End of Interest the Year 1 2 Compound Interest t Principal Annual Balance at End of & Interest Interest the Year 1 2 the difference the b. Describe between created. 3 charts you Which do you think best interest when you save money? Situation 2: You started with the same amount at 10 years old, but this time you add P 100.00 a month until you turn 18 years old. a. How much money do you have now assuming it still gets 3% interest? b. How much money did you actually put on it? c. How much was the interest earned?