1. How many years will it take for an investment to be worth $5,018.94 in the future, with a deposit today of $4,000 at a 3.80% annual rate of return with QUARTERLY compounding? Show work
2. How much must you deposit today if you can earn 4.80% annual rate of interest (with monthly compounding) in order to have $48,000 ten years from now? Show work
3. What annual interest rate do you need for an investment to be worth $14,825.58 eight years in the future with semi-annual compounding if you deposit $8,550 today?