1. You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? 2. Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Round your answer to two decimal places Your answer is t=____ years. 3. You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in the account in 15 years?
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