5. Determine the value of each investment. a) $875 at 4% per year, compounded quarterly, for 5 years b) $1150 at 6% per year, compounded semi-annually, for 8 years

a. I invested $5,000 into an account earning 5% interest compounded monthly and left it there for 5 years. After the 5 years were up I transferred the money from that account into a new account that earned 6% interest compounded quarterly for the next 10 years. How much total money would I have at the end of the 15 years? b. If I had left the $5,000 in the initial account earning 5% compounded monthly how long, to the nearest tenth of a year, would it have taken to get the same total as in part a?

For 7 years, Janet saved $450 at the beginning of every month in a fund that earned 4.75% compounded annually. a. What was the balance in the fund at the end of the period?   Round to the nearest cent b. What was the amount of interest earned over the period?   Round to the nearest cent

To prepare for an upcoming equipment purchase, the finance team at Canada Wire Corp. has invested $12,500 at the start of every quarter for the last 2 ½ years. If the funds have earned 6% compounded semiannually, how much is in the investment account today