(a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want to have $1000 in 9 months, how much doyou need to place in a savings account now that pays 5%compounded quarterly?(c) How long does it take to double your money if you caninvest it at 6% compounded annually?

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Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

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Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

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Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

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