John works part-time and earns $400 each month. He deposits his earnings at the end of each month in an account which pays 5.9% compounded monthly. If he does this consistently for three years, how much will he have?

Terry wants to make equal payments at the end of each month in an account paying 9.5% interest compounded monthly to save $5000 in two years to buy a boat. What should her monthly deposits be?

After finishing college, Joe starts his new job. Immediately he starts depositing some of each end-of-month paycheck into an account paying 6% monthly. How much should he deposit at the end of each month in order to have $2148 for a down payment on his dream car (in two years)?

How much money should Liza deposit every month in order to have $5000 in 5 years assuming 3.4% compounded monthly?

Is this a periodic payment problem or a lump sum problem? Answer 1 Question 13 periodic paymentlump sumneither

Lisa needs to deposit $Answer 2 Question 13