Question

Answer from spreadsheet
Answer from hand calculation
Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
Year 1
Year 2

Problem #2: Find the total amount if you deposit $300 at a rate of 6% for three years using simple interest.
Year 1
Year 2
Year 3

Problem #3: Find the total amount if you deposit $ 600 at a rate of 5% for two years compounded annually.
Year 1
Year 2

Problem #4: Find the total amount if you deposit $800 at a rate of 8% for a total of four years compounded annually.
Year 1
Year 2
Year 3
Year 4

Answer 1

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