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A. You deposited 12,000 into an account that earns a 3.74 annual interest rate, compounded quarterly. After some amount of time, the account has 25,000.

A. You deposited 12,000 into an account that earns a 3.74 annual interest rate, compounded quarterly. After some amount of time, the account has 25,000. For how many years was the money in the account?

B. You take out a 25,000 car loan at an annual interest rate of 5%. You will make monthly payments for 6 years. What will your monthly payment be?

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