How much money should be invested now to have 75,000 in twenty years if the interest rate is 7 and ...

How much money should be invested now to have 75,000 in twenty years if the interest rate is 7 and the interest is compounded monthly? The answer to the above question is 18,570.15.
Indicate whether the statement is true or false

Q. 2

The following data represents the test scores on a recent Literature exam: 58, 70, 82, 65, 65, 90, 56, 88, 74 a. What was the median score? b. What was the mode of this set of data?

Q. 3

Lori opened a savings account five years ago. Her initial investment was 2,000. Today, she decided to close the account by withdrawing all of the money in her account. The total balance was 3,125. The total amount of interest compounded over the five years was 1,125.
Indicate whether the statement is true or false

Q. 4

Find the mode(s), if any, of the following numbers: 57, 38, 39, 17, 57, 75

Q. 5

When using the compounded amount formulas, you must state the interest rate in decimal form. To calculate this, you divide the Annual interest rate by the number of compounding periods per year.
Indicate whether the statement is true or false

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How much money should be invested now to have 75,000 in twenty years if the interest rate is 7 and ...

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