You invest $2,500 in an account that earns 4% interest compounded quarterly. How much will the investment be worth after 5 years?

31 The company paid \( \$ 3,600 \) cash in dividends. Nov. 1 The company reimbursed S . Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at \( \$ 0.32 \) per mile). 2 The company received \( \$ 4,633 \) cash from Liu Corporation for computer services performed. 5 The company purchased computer \( s u p p l i e s \) for \( \$ 1,125 \) cash from Harris Office Products. 8 The company billed Gomez Co. \( \$ 5,668 \) for services performed. 13 The company received notification from Alex's Engineering Co. that Business Solutions's bid of \( \$ 3,950 \) for an upcoming project was accepted. 18 The company received \( \$ 2,208 \) cash from IFM Company as partial payment of the October 28 bill. 22 The company donated \( \$ 250 \) cash to the United Way in the company's name. Continued on next page ...

Find the future value of craig's account if he deposts at 12 so for 5 years at \( 14 \% \) intrest compounatel annvally.

You invest $2,500 in an account that earns 4% interest compounded quarterly. How much will the investment be worth after 5 years?

Thomas wants to retire in 20 years. He can deposit a lump sum of \( \$ 20,000 \) today into an account earning \( 6 \% \) interest compounded annually. He also plans to contribute \( \$ 1,000 \) annually for the next 20 years into the same account. What will be the future value of his retirement fund in 20 years? [3]

4.26 An invoice of RM2500 dated \( 12^{\text {th }} \) February 2011 was offered \( 6 \% \) trade discount and cash discount terms of \( 7 / 10,5 / 20, n / 30 \). a) Find the net payment if the invoice was paid on \( 21^{\text {st }} \) February 2011 b) How much is the total discount obtained?