1-On the birth of their first child a couple puts $2000 in an investment account earning ji = 6%. This fund is used to pay university fees and allows for three withdrawals corresponding to the 18th through 20th birthdays. What size are these withdrawals?

2-

Alec buys a used car by paying $500 down plus S180 a month for 3 years. What was the price of the car if the interest rate on the loan is i, = 9%?