Mathematics, 20.03.2020 12:55 ayanajames0928

IM GIVING 60 POINTS PLEASE HELP AND BE 100% SURE

2. Imagine you have invested $800 into a savings account that ears 3.5% interest compounded
annually. What is the balance of your account after 5 years without more deposits or
withdrawals?

3. An employee put $5,000.00 in a retirement account that offers 9% interest compounded
annually. The employee makes no additional deposits or withdrawals. What is the amount of
interest this account will earn in 5 years? (Think through this carefully.) A) What is the amount in
the account? B) What is the interest earned in 5 years?

4. Jose deposits splits $5,000 evenly into 2 savings accounts.• Account 1 is safer investment and earns
on average 4% simple interest. • Account 2 is riskier but earns on average 3.5% compounded annually.
What are the amounts each account will earn at the end of 3 years if no additional deposits or
withdrawals are made?
Account 1

Account 2

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IM GIVING 60 POINTS PLEASE HELP AND BE 100% SURE

2. Imagine you have invested $800 into a...

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