0.05:(8) What sum must be deposited today at 8 percent per year compounded monthly if
the goal 5 years from today is to have a compound amount of $200,000? How
much interest will be earned during this period?
(6) A women has purchased $ 150,000 worth of corporate bonds. The bonds expire in
20 years, and simple interest is computed semiannually at a rate of 7 percent per 6
month period. Interest checks are mailed to band holders every 6 months.
Dexermine the interest, the women can expect to earn every 6 months and how much
interest can she expect over the 20 year period?