1) A person deposits $3,500 in a savings account that pays interest at 2.0 % per year, compounded annually. If all the money accumulates for 15 years, what will be the total accumulation? A man plans to buy a $150,000 house. He will make a down payment of $25,000 year loan at 6.0% interest per year, compounded monthly, what will be the amount of the monthly mortgage payment? 2) and secure a 25 How much money must be deposited in a savings account each month to accumulate $10,000 at the end of 5 years, if the bank pays interest at a rate of 6% per year, compounded a) monthly, b) quarterly, and c) continuously? 3) What is the nominal interest rate corresponding to an effective interest rate of 10% per year, compounded continuously