Hunan bought a car priced at $15,500 for 15% down and equal monthly payments for three years. If interest is 6% compounded monthly, what is the size of the monthly payment?

The monthly payment is

2. You want to receive $575 at the end of each month for 3 years. Interest is 5.6% compounded monthly.

(a) How much would you have to deposit at the beginning of the 3-year period?

(b) How much of what you receive will be interest?

3. Deposits of $32.00 are made at the end of every six months for 9 years. What will the deposits amount to if interest is 7% compounded semi-annually? The future value is $