| question | Present Value | Annual Rate | Compounded | Time Frame | Future Value | Interest Earned |
| a.) | $500 | 4 1/2 | Semi-Annually | 2 years | ? | ? |
| b.) | ? | 5 | quarterly | 6 years | 1616.83 | ? |
| c.) | $1250 | ? | monthly | 16 months | $1381.02 | ? |
| d.) | $875 | 10.5% | Daily | ? | $2025 | ? |
a) FV=$546.54 Interest earned =$546.54 - $500 =$46.54
b) PV = $1,200 Interest earned =$1,616.83 - $1,200 =$416.83
c) Interest rate =7.5% compounded monthly Interest earned =$1,381.02 - $1,250 =$131.02
d) Timeframe =2,917.29 days, 0r =~97 1/4 months, or =~8 years. Int. earned =$2,025 - $875=$1,150
