22. You have decided to deposit your scholarshin e ($1.000) in a savings account pas interest, compounded quarterly. Thirty months later pounded quarterly. Thirty months later, you decide to go to the mountains ranch than school and you close out your How much money will you receive a. b. $3378.50 $5.434,08 $3.247.30 e. 53.656.98 $3,378.49 23. You have been saving money for the last two years. You made deposits of $1,000 on January 1, 2018, and July 1, 2018 in a savings account paving 8% compounded semi-annually. On January 1, 2019, the bank increased the interest rate raid on savings accounts to 9%, annual compounding. You made a third $1.000 deposit on April 1. 2019. How much will be in your account on January 1, 20207 a. b. $3,402.54 $3.447.89 $3,379.31 $3,129.92 $3,424.66 24. You plan on working for 10 years and then leaving for the Alaskan "back country". You figure you can save $2.000 a year for the first 5 years and $4,000 a year for the last 5 years. In addition, your family has given you a $10,000 graduation gift. If you put the gift and your future savings in an account paying 4 percent compounded annually, what will your "stake" be when you leave for the wilderness 10 years hence? $29,215 $52,104 $47.214 d. e. $34,845 $49,647 b. c. 25. You are thinking about buying a car, and a local bank is willing to lend you $25,000 to buy the car. Under the terms of the loan, it will be fully amortized over five years (60 monthly payments) and the nominal interest will be 6 percent. What would be the monthly payment on the loan? d. a b. c. $500.00 S460.13 $444.89 $483.32 $479 98