Assignment Help >> Microeconomics
1. If you deposit $4500 at 5% annual interest compounded continuously, how much money will be in the account after 10 years?
2. If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account?
3. How much money would you need to deposit today at 5% annual interest compounded monthly to have $20000 in the account after 9 years?