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What is the balance after 5 years

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Question 1: How much should allan invest today at 3.25% compounded semi-annually if he wants to have $20800 in 5 years to use a deposit to purchase a house?

Question2: Anna invested $17000 in an PRSP that was earning 2.25% compounded quarterly. How long did it take for this amount to grow to $38204.78

Question 3: Martha deposited $15000 in her savings account that earns 3%compounded semi-annually. at the end of 3 years, she deposits an additional $12000 into this accout. What is the balance after 5 years?

Reference no: EM131227785

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