Math 101 ........

7) You find a bank that is offering 4.5% interest compounded annually.

A) llow many years will it take to double your money?

Bl How *t*B years'rif,,it.ln*e-to.tripfieytrtrr money?

8) You invested 51200 and one year later it was worth 5L262.4O.

A) What is.the APY for this investment?

9) A bank account is advertising an APR of 8o/o and an APY of 8.29995%. What is the compounding per:iod?

10) I plan on investing some money in a stock market fund that it is consistently producing an APY of Ll.7so&. lf I invest 5490@ and this trend continues how much will my investment be worth in 15 years?

B) lf you let your money ride for 10 years what percent of the balance would be interest?