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1) you plan on depositing $150 into an account every three months for 20 years. This account pays 4% (Q). A) What is the future

1) you plan on depositing $150 into an account every three months for 20 years. This account pays 4% (Q).

A) What is the future value of discount? B) How much interest was earned?

2) You purchase a vehicle costing $11,500 and 3,500 down. You finance the remaining amount with a 5 year 3.75% (M) loan.

A) how much do you finance? B) what is your monthly payment? C) how much interest do you pay on this loan?

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