Problem
1. If £4,000 is invested at 5% interest for 3 years what will the final sum be?
2. How much will £200 invested at 12% be worth at the end of 4 years?
3. A parent invests £6,000 for a 7-year-old child in a fixed interest scheme which guarantees 8% interest. How much will the child have at the age of 21?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.