Math

1) A 3, 300.00 principal earns 4% interest compounded annually. After three years, what is the balance in the amount?

2) A 6,000.00 Annable earns 8% annual interest compounded semiannually (twice per year) after 35 years, what is the balance in the account?

3.) A tractor cost $15,450.00 and depreciates in value by 14% per year. How much will the the tractor be worth after 3 years?

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  1. 1) 3300 * (1 + .04)^3

    2) 6000 * [1 + (.08 / 2)]^(35 * 2)

    3) 15450 * (1 - .14)^3

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