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Morgan Pavloske (future world traveler) plans to make 3 equal annual depofits into an account beginning at If the interest rate is 5.5 percent, how

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Morgan Pavloske (future world traveler) plans to make 3 equal annual depofits into an account beginning at If the interest rate is 5.5 percent, how much would her deposit have to be to be able to withdraw $4,000 each year at-6, -7, and 1-8 for traveling? 5 6 15.5ississi 7 8 D D 4000 4000 4000 I-557 (5 -11385.27886 -2108111379 Beginning Pat-4,000 a. $8,257.13 b. $2,900.98 c. $3,060.54 d. $1,549.91 e. $2,749.74 In order to buy a house, Carley Smith is going to borrow $175,000 today with a 2.9 percent nominal annual rate of interest. She is going to make monthly payments over 30 years. Assume full amortization of the loan. What will be the balance left on the loan at the end of 2 months if she makes a payment of S1800 each month instead of the bank's required loan payment? (Round each calculation to the nearest cent.) a. $172,242.51 b. $173,203.33 c. $174,155.19 d. $174,154.16 e. $171,400.00

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