Hillsborough Squares

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## Hillsborough Squares

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**Welcome to...**Hillsborough Squares A Game of X’s and O’s**1**2 3 Ivana Winn Phil R. Up Dewey Cheatum Starring: Sand E. Beaches 4 5 6 Craven Sumfood Ima B. Utiful Seymour Money Anita Hugginkiss Lee V. Mediately 7 8 9**1**2 3 Scoreboard X 4 5 6 O 7 8 9 Click Here if X Wins Click Here if O Wins**1**Shivani invested $6000 at 5% simple interest for 4 years. If Shivani had invested the money at 5% per year, compounded annually, how much more would her investment have been worth at the end of the 4 years?**1**Answer $93.04 more for compound interest Home**2**• Determine what the value of an investment will be of $875 at 4% per year, compounded quarterly, for 5 years.**2**• Answer: • The investment will be $1067.67 Home**3**Akash has $10 000 to invest. He invests $3000 at 4% per year, compounded semi-annually. He deposits the remaining amount in a fund that pays 6% per year, compounded quarterly. What will be the total value of these investments if he leaves the investments for 10 years?**3**Ans: Akash will have $17 155.97 in ten years Answer for Square 3 Home**4**Harpreet wants to make an investment today so that, after 8 years at 6% per year, compounded quarterly, she will have $5500. How much does she need to invest today to reach her goal?**4**Answer Harpreet will have to invest $3,415.46 Home**5**You borrowed money from a creditor. In 3 years, you will need to pay $1550 for the total amount of the loan. The creditor will let you pay off the loan today at 3% per year, compounded semi-annually. How much will the creditor ask you to pay today?**5**The creditor will ask you to pay $1417.54 today. Home**6**USE TVM solver How long will it take an investment of $6000 to double at 8% per year, compounded quarterly?**6**8.75 years Home**7**USE TVM solver How much would you need to invest on your 16th birthday at 3% per year, compounded quarterly, to have $750 000 by your 60th birthday?**7**Ans: $201 340.72 Home**8**Chinsue wants to have $5000 in 5 years. How much would she need to invest at each rate to reach her goal? a) 4.5% per year, Compounded semi- annually b) 4% per year, compounded quarterly**8**• $4002.55 • $4097.72 Answer for Square 8 Home**9**You have $2800 to invest for 4 years. Which plan will earn you the greatest amount of interest? Plan A: 6.15% simple interest Plan B: 5.05% per year, compounded semi-annually Plan C: 3.4% per year, compounded quarterly**9**Plan A is even. . Because , then is not even. Because , then is not odd. Therefore is neither. c) . Therefore, is even. d) . Therefore, is even. Answer for Square 9 Home**X**X X X X X X X CONGRATULATIONS! CONGRATULATIONS! CONGRATULATIONS!**O**O O O O O O O CONGRATULATIONS! CONGRATULATIONS! CONGRATULATIONS!