1. If you invest $5000 in a CD earning 5.6% annual interest compounded quarterly, how much is your investment worth at the end of one year?
2. If you invest $3000 in a CD earning 4.8% annual interest compounded quarterly, how much is your investment worth at the end of one year?
3. If you invest some money in a a CD that compounds interest more than annually, what will be true about your annual interest rate compared to your APY (Annual percentage yield)?
4. If you invest $8000 in an account that is compounded more than annually, and at the end of the year your investment is worth $8378, what is the corresponding APY?
5. If you invest $6000 in an account that is compounded more than annually, and at the end of the year your investment is worth $6321, what is the corresponding APY?
6. If you invest $1000 in a CD at 4% annual interest, compounded quarterly, what is the corresponding APY?
7. If you invest $2000 in a CD at 5% annual interest, compounded quarterly, what is the corresponding APY?