1. Determine the amount of a $9,000 investment at 4% annum, compounded quarterly for 4 years.
2. Determine the principal amount of an investment that is worth $10,000 in 3 years. The investment paid 6.8%, compounded semi-annually.
3. You are planning to buy a used car in 2 years time. How much money should you invest today at 4.25%, compounded annually to reach your goal of $5,000?
