Posted by **Karen** on Monday, March 9, 2009 at 6:52pm.

You deposit $1000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest compounded quarterly. By how much will your deposit have grown after 4 years?

- Math -
**Karen**, Monday, March 9, 2009 at 6:57pm
You invest $10,000 in Rapid Growth Funds, which appreciate by 1% per year, with yields reinvested quarterly. By how much will your investment have grown after 6 years?

- Math -
**Katy**, Monday, March 9, 2009 at 7:02pm
for the deposit, use thsi as your equation:

1000(1+.07)^4

for the investment in RGF use this as your equation:

10000(1+.01)^6

Just plug them into a calulator to solve.

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