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12. Exactly 3 years ago, Jantzen deposited $1,250 into an account that paid interest of 4.50%p a. If today, the intereit rate on this account

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12. Exactly 3 years ago, Jantzen deposited $1,250 into an account that paid interest of 4.50%p a. If today, the intereit rate on this account increases to 55%p., and if that rate continues for the next 15 years, how much money will Janten have in his account exactly 15 years from today? a. $3490.25 b. $402351 c. $432812 d. $3184.53 c. 54476,32 13. Rvo and Tallie are shopping for furniture. They Wit selected a living room set that costs $7,854,00 (including tax and delivery fees). The furmiture store bas offered to accept payments of 5205.00 per ithith for the next 48 months (with the fint parment due exactly one month from today). What is the nomial anmal tate of aterest (i.e. the p a rate) that the furniture store is charging R o and Tallie (expteried as a percent and rounded to 2 decimal piaces)? a. 13.41% b. 11.53% c. 14.12% d 10.24% e. 9.48%

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