5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest and (b) 11% compound interest, each calculated annually?

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?

How much must be deposited today into the following account in order to have $70,000 in 8 years for a down payment on a house? Assume no additional deposits are made. An account with annual compounding and an APR of 6% should be deposited today. Do not round until the final answer. Then round to the nearest cent as needed.)

How much must be invested in an annuity that will earn 5.9% (compounded quarterly) where a payment of $8500 is made at the end of each quarter for the next 5 years?