1. How much should you invest at 2.5% simple interest in order to earn $50 interest in 5 months?
2. What is the Sarbanes-Oxley Act? and what is it beneficial?
3. Graduation is 5 years away and you want to have $1050 available for a trip. If your bank is offering a 5-year CD (certificate of deposit) paying 3.1% simple interest, how much do you need to put in this CD to have the money for your trip?
4. How much should be invested now at 2.1% compounded semiannually to have $47,000 in 17 years?