Please show work or method of calculation.

you have found an incredibly high-paying savings account. The bank is willing to give you a 4% interest rate compounded monthly! If were to deposit $5,000 today, how much would you have in 10 years?

Please show your work or method of calculation.

Dodge recently unveiled its new 2020 challenger hellcat which costs $60,875 with tags and license. The loan company will allow you to take a 4 year loan at a 6% interest rate. Please build an amortization table to represent your payment schedule. What would be the principal amount due at the beginning of the 3rd payment period?

period. Principal. Loan payment. Interest paid. Principal paid. Next period principal.

1.

2.

3.