A.You plan to save money for a down payment of $36,000 to purchase an apartment. You can only afford to save $1,250 at the end of every quarter into an account that earns interest at 3.93% compounded annually. How long will it take you to save the planned amount?

B.Lush Gardens Co. bought a new truck for $50,000. It paid $4,500 of this amount as a down payment and financed the balance at 5.47% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan?