CP will need $210000 to open a new branch of convenient store in 5 years. A special account, which yields 3% compounded quarterly, is prepared for CP to set aside equal amounts, every 3-month period, to accumulate the required money. How much money should CP save every 3 months? $ CP will need save some money to open a new branch of convenient store in 4 years. A special account, which yields 2% compounded quarterly, is prepared for CP to set aside $24000 at the end of every 3-month period, to accumulate the money. How much money will CP have after 4 years? $ Philip buys a new car, where he makes $500 down payment and finances the remaining balance at the interest rate of 18% compounded monthly. The loan will be amortized (paid back) with 48 monthly payments of $290 each What is the cash price of this car? $ 11 Sammi deposits $26000 at the beginning of each 6-month period into a special savings account. This account will last for 4 years and pays the interest rate of 4% compounded semi-annually. What will be the balance when she closes the account in 4 years? $ Janet bought a 184-sq.m. Penthouse which was sold for $190,000. Since she did not have enough cash, she chose an option to pay 20% down, and amortized (paid back) the remaining balance with equal monthly payments over 20-year period at the interest rate of 9% compounded monthly. The amount of each payment was calculated to be $1367.58 After 13 years, Janet won a lottery and wanted to pay off the loan. How much did she have to pay? $ x years? Suppose the interest rate If Sittipon deposits $1100 today, there will be $1920.39 in his account after 11 is 4% compounded quarterly. You deposit $2300 at the end of each quarter into an account that earns 2% compounded quarterly for 10 years. You then stop making deposit and wait another 2 years. How much money will you have after 10 years? $