Assignment:
Q1. Maria invests $5000 which compounds daily over 8 years. When she withdraws the money she has $6205.51 what was her interest rate?
Q2. Consider an investment of $10,000 at 6.8% interest for 20 years. Fiind the amount if it was compounded quarterly.
Provide complete and step by step solution for the question and show calculations and use formulas.