Pearson sets up a fund to pay $1000 at the end of each month for 9.5 years. Interest on the fund is 3.9% compounded monthly. (a) How much money must be deposited into the fund? (b) How much will be paid out of the fund? (c) How much interest is earned by the fund? (a) The amount of money that must be deposited into the fund is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Pearson sets up a fund to pay $1000 at the end of each month for 9.5 years. Interest on the fund is 3.9% compounded monthly (a) How much money must be deposited into the fund? (b) How much will be paid out of the fund? (c) How much interest is earned by the fund? (a) The amount of money that must be deposited into the fund is \$ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) A washer-dryer combination can be purchased from a department store by making monthly credit card payments of $42.56 for three-and-a-half years. The first payment is due on the date of sale and interest is 17% compounded monthly. (a) What is the purchase price? (b) How much will be paid in installments? (c) How much is the cost of financing? (d) If an additional $9.00 per month is added to cover a service contract, what is the value of the entire contract on the date of sale? a) The purchase price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount paid in installments will be $ (Round the final answer to the nearest cent ashreeded. Round all intermediate values to six decimal places as needed.)