Problem
1. If £525 is invested in a deposit account that pays 6% interest for 6 years, what will the final sum be?
2. What will £24,000 invested at 11% be worth at the end of 5 years?
3. Interest rates are expected to be 10% for the next 3 years and then to fall to 8% for the following 3 years. How much will an investment of £3,000 be worth at the end of 6 years?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.