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A)Marcia invested $35,000 at 3.75% compounded monthly for the first two years and at 4.5% compounded daily for the third year. What is the maturity
A)Marcia invested $35,000 at 3.75% compounded monthly for the first two years and at 4.5% compounded daily for the third year. What is the maturity value of her investment and what is the amount of interest earned at the end of three years? B)Calculate the single equivalent payment today that would replace three payments of $18,400, $21,065, $12,560 in two years, four years and 5 years respectively, if money is earning interest at a rate of 3.00% compounded monthly. C)Misty has graduated and must repay a $9,000.00 student loan. Interest is 6.25% compounded monthly and the term of the loan is seven years. She decides to make her first payment today. a. How much will her monthly payment be? b. What is the total amount of interest Misty will pay on the loan
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