If $10,000 is invested at 10% compounded annually, how much interest is earned in 2 years? More than $2000 O Less than $2000 O $1000 O $2000

1 How long it will take for a sum of money to quardruple at 10% compounded annually? [ans:11.51%].   What is the nominal rate compounded monthly that will make $1000 become $2000 in 5 years? [ans:13.9%].

You are investing $25,000 for 10 years at 10%. How much more money would you have with monthly compounding than you would with annual compounding? O $2,832.48 O $2,500.00 O $162.85 O 896.24

2. What's the present value of $25,000 received after 5 years if the appropriate interest rate is 10%, compounded annually?* O a) $13,620 O b) $19,690 O c) $1,670 d) $15,523 e) None of the above 3. What's th