$\frac{31}{2}$ years, and $7\mathrm{.}5\%$ compounded monthly for the final year. If Vancouver Appliances wants to perform the upgrade today, what amount of money does it need? Use a financial calculator.

a$)$ Sam has placed $$9,000$ into an investment fund to receive equal amounts at the beginning of every month for the next year while he backpacks across Europe. If the investment fund can earn $5\mathrm{.}35\%$ compounded quarterly, how much money can Franco expect to receive each month? Use a financial calculator.

$10$ b$)$ You deposit $$5,000$ into an account that compounds quarterly. After $5$ years, the account balance is $$7,000.$ If payments are made monthly, what is the monthly interest rate? Use a financial calculator.

perform the upgrade today, what amount of money does it need? Use a financial calculator.

a$)$ Sam has placed $$9,000$ into an investment fund to receive equal amounts at the beginning of every month for the next year while he backpacks across Europe. If the investment fund can earn $5\mathrm{.}35\%$ compounded quarterly, how much money can Franco expect to receive each month? Use a financial calculator.

$10$ b$)$ You deposit $$5,000$ into an account that compounds quarterly. After $5$ years, the account balance is $$7,000.$ If payments are made monthly, what is the monthly interest rate? Use a financial calculator.