i. You plan to save money for a down payment of $43,000 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 4.54% compounded annually. How long will it take you to save the planned amount?

ii. Lush Gardens Co. bought a new truck for $52,000. It paid $5,720 of this amount as a down payment and financed the balance at 4.77% compounded semi-annually. If the company makes payments of $1,700 at the end of every month, how long will it take to settle the loan?

iii.Courtney wants to accumulate at least $60,000 by depositing $1,300 at the end of every month into a fund that earns interest at 6.25% compounded monthly.

a. How many deposits does he need to make to reach his goal?

Round to the next payment

b. How long will it take Courtney to reach his goal?