Red Company invested $10,000 in a fund that was earning interest at a rate of 3.00% compounded semi-annually. After 3 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.50% compounded monthly. a. What is the balance in the fund at the end of 3 years and 9 months? b. What is the balance in the fund at the end of 6 years (from the initial investment)? c. By what amount did the fund grow during the 6 year period?

A company deposited $14,500 into an investment fund at the beginning of every quarter for 7 years. It then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of 7 years ? $0.00 Round to the nearest cent b. What was the accumulated value of the fund at the end of 12 years ? S0.00 Round to the nearest cent c. What was the amount of interest earned over the 12-year period? S0.00 Round to the nearest cent SA

2. Northern Flying Science is preparing to buy an aircraft estimated to cost $600,000 by making equal payments at the end of every three months into a sinking fund for five years. Interest earned by the fund is 8% compounded quarterly. a. What is the size of the quarterly payment made to the sinking fund?  b. How much of the maturity value of the fund will be interest?  c. What is the accumulated value of the fund after two years?  d. How much interest will the fund earn in the 15th payment interval? Using BA II Plus Calculator

$4,250 was deposited at the end of every six months for 5 years into a fund earning 2.2% compounded semi-annually. After this period, the accumulated money was left in the account for another 4 years at the same interest rate. a) Calculate the accumulated amount at the end of the 9-year term. $ b) Calculate the total amount of interest earned during the 9-year period.