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1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded annually. At the end
1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded annually. At the end of 6 years, how much will Dominic's account be worth? 2. Over the last ten years, Mary Catherine's original deposit to her savings account at her local branch of the Makesome Money Bank has grown to $15,000. If she had invested a single amount, made no additional payments, and earned 6.4 percent compounded annually on her deposit, how much did Mary Catherine deposit? 3. Gabriel Joseph has begun a new delivery and warehousing business. To begin his deliveries, he has leased a new truck. The five-year lease arrangement provides for monthly payments based on the $35,000 cost of the truck and an agreed on rate of 15 percent compounded monthly. What will Mr. Joseph's lease payment be each month
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