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Michael canalford payments of $275 a month for 72 months The bank willend him this money at 10 21 percent interest(APR) How much can Michael

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Michael canalford payments of $275 a month for 72 months The bank willend him this money at 10 21 percent interest(APR) How much can Michael borrow? (calculate to cents) A couple plans to retire in 35 years. A that time, they would like to have enough money in an account so that they can receive a $6.000 every month end for the next 34 years. The account eams 9 18% annual interest compounded monthly and will continue to do so ur til there is a zero balance in the account to achieve this goal, how much money does the couple need to have in this account by the time they retire? (calculate to cents)

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