# IMG7524

.jpeg
Name DO"*(/\C/\X\N ve | Date \ 0-2A-25 Chapter 4B Classwork Calculate the amount you will have in each account using the Simple Interest formula for the following Problems: BE SURE TO WRITE THE FORMULA FOR EACH PROBLEM 1. You deposit \$1200 in an account with an annual interest rate of 3% for 5 years. 2. You deposit \$4000 into an account with an annual interest rate of 2.5% for 10 years. Calculate the amount you will have in each account using the Annual Compound Interest formula for the following Problems. BE SURE TO WRITE THE FORMULA FOR EACH PROBLEM ' 3. \$10,000 is invested at APR of 4%, which is compounded annually, for 10 years. : 4. \$8,000 is invested into an account with an APR of 3.15 %, which is compounded annually, for 12 years. 5. You have decided to deposit \$4000 for the next 3 years into an account that earn compound interest annually at a rate of 1.5%. Round to the nearest whole number. Complete the table below showing what happens year by year. Year Beginning Balance Interest Earned it \$4000 \$60 Ending Balance 2 54060 - : a. SHOW RELEVANT WORK HERE: