Assignment:
1. Mary deposits funds into a CD at her hank. The CD has an annual interest rate of 4.0 %. If Mary leaves the funds in the CD for two years she will have $540.80. What amount is Mary depositing?
2. The future value of $200 that is left in an account earning 6.5% interest for four years is best expressed and amounts to how much?
3. To four decimal places what is the monthly interest rate if you arc asked to convert a 12 percent annual rate to a monthly rate?
4. An investment grows from $2000 to $2750 over a period of 10 years. What average annual growth rate will produce this result?
5. Given a choice of two investments, would you choose one that pays a total return of 30 percent over five years or one that pays 0.5 percent per month for five years. Be core to chnwIll of vow. calculations to support your answer.