#25 and 27 HELP

pounded; 12% over 25. (Growth annuity) Michael wth annuity) Michael has just signed a professional basketball contract where he will earn c. 500.000 the first year and will receive a 5% annual increase every year for 10 years. He plans to eave 50% of his annual salary each year in a mutual fund where he expects to earn 16% annually How much will she have in his savings after 10 years? (Amortization) Sam has an outstanding balance of $7,050 on his credit card. Due to financial constraints, he plans to make the $125 minimum monthly payment. His annual interest rate is 13.5%. How long will it take him to pay off the credit card? What will be his balance after making 4.5 years of monthly payments? (Amortization) Sam has an outstanding balance of $2,050 on his credit card. Due to financial constraints, he plans to make the $25 minimum monthly payment. His annual interest rate is 10.5%. How long will it take him to pay off the credit card? What will be his balance after making 4.5 years of monthly payments? terest rate of 12% over the