1. Examples Compound Interest
Write an exponential growth model that describes the situations.
1) You deposit $5000 in an account that pays 7.25% annual interest compounded quarterly.
2) You want to have $25,000 in your account after 8 years. The account pays 3.4% annual interest compounded monthly.

2. Examples Compound Interest
Write an exponential growth model that describes the situations.
Answer the questions asked.
3) You deposit $10,000 in an account. Find the balance after 9 years for each of the situations described below. What is the difference between the highest and lowest yield balances after 9 years?
A) The account pays 4% compounded annually.
B) The account pays 3.95% compounded quarterly.
C) The account pay 3.9% compounded monthly.

3. Examples Compound Interest
Write an exponential growth model that describes the situations.
Answer the questions asked.
4) How much would need to be deposited in a savings account paying 4.28% annually so that there would be $18,000 in the account after 20 years.

4. Examples Compound Interest
Write an exponential growth model that describes the situations.
Answer the questions asked.
5) A house was purchased for $75,000 in It was appraised at $225,000 in What was it annual rate of increase on average?