Homework: 1. You invest 3500 in a CD that has a rate of 2.25% compounded quarterly, what is the balance of your account after 3 years?
2. 250 milligrams of bacteria spreads at a rate of 6.5% per day, how many mg of bacteria after 15 days? 3. If a car is worth 15,500 and it is depreciating at a rate of 2.5%, how much will it be worth after it sits on the lot for 4 years? 4. If you invest in an account that is compounded monthly and pays an interest rate of 4.8% how much will your initial investment of 2200 grow to in 6 years?