20/21

A family takes out a mortgage for $270,900.00 from the local bank. The loan is for 30 years of monthly payments at a 3.72% APR (monthly compounding). What will the family's balance be on the mortgage after 8.00 years? Submit Answer format: Currency: Round to: 2 decimal places. You have decided to save money for your son's college tuition. You will put away $1,984.00 every six months for the next 14.00 years. If the account will pay 4.00% APR with semi-annual compounding, what is the future value of this investment? (treat as regular annuity) Submit Answer format: Currency: Round to: 2 decimal places