Question

1. If you deposit $6,500 into an account paying 8% annual interest compounded monthly, how much...

1. If you deposit $6,500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?

2. If you deposit $5,000 into an account paying 6% annual interest compounded monthly, how long until there is $8,000 in the account?

3. At 3% annual interest compounded monthly, how long will it take to double your money?

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