Compound Interest - Accounting Assignment Help

Assignment Task:

Question 1
You are investing $1,000 at the end of each period for four periods, at 6% per period, compound interest.  How much money will your savings amount to at the end of this time?  Compute this answer by the following techniques:

Question 2
You have saved an amount of $2,429.74 by the end of 5 years, at compound interest of 2% per quarter.  How much money did you put into your savings account each quarter?

Question 3
You are considering three alternative investments.  Investment X offers a return of 1% per month of compound interest.  Investment Y offers a payoff of $989.75 after 4 years in return for savings deposits of $100 made at the end of each half-year.  Investment Z requires you to deposit $629.00 now and also pays back $989.75 after four years.

Required: Suggest a suitable way of choosing between these investments and rank them from best to worst option for you.

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