answer all questions

12. Suppose you make regular quarterly deposits to amount to $5000 over 12 years at 9.4% per year compounded quarterly. hp a) Use a spreadsheet to determine the quarterly deposit required. b) How much more could you save if the interest rate is 10% per year I compounded quarterly? d) Suppose you could increase your regular payments by $100. How much more quickly could you reach your goal? 13. Suppose you borrow $8000 at 7.5% per year compounded monthly for 6 years. You repay the loan by making monthly payments of $138.32. a) Use a spreadsheet to create a loan repayment schedule. b) What is the total interest paid on the loan? How does this compare to the principal originally borrowed