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How much will be repaid in seven ?years

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Q1 - Bill deposits?$ 8300with his credit union in an account paying 6?% compounded semi-annually. How much will be repaid in 7 ?years? Use calculator How much will be? repaid?

Q2 -An international firm deposited ?$900,000 in a 5?-year time deposit earning? 6% compounded daily with a bank as partial collateral for a loan. Find the compound amount and the interest earned. What is the compound? amount? What is the interest? earned?

Q3 - Newborn child receives a ?$7,000 gift toward a college education from her grandparents. How much will the ?$7,000 be worth in 18 years if it is invested at 6.2?% compounded? quarterly?

Reference no: EM133073970

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