How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.

Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly atthe end of 5 years. How much did she start with approximately?

Find the final amount of money in an account if $4, 600 is deposited at 3% interest compounded quarterly (every 3 months) and the money is left for 9 years. The final amount is $

George deposits $3,500 into an account earning 6.5% interest, compounded quarterly. How much will be in George’s account after 5 years?   How long will it take George’s account to reach a balance of $6,000?

How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 5% interest compounded monthly.