Question
Q4. If Amy takes this year's savings and deposits it into an 18-month Certificate of Deposit account earning 1.25% APY with monthly-paid interest, how much
Q4. If Amy takes this year's savings and deposits it into an 18-month Certificate of Deposit account earning 1.25% APY with monthly-paid interest, how much interest will she earn?
Q5. The Business Expenses portion of Amys expenditures refers to the cupcake business she started out of her home. It is becoming increasingly popular, and she is considering taking out a loan of $5000 that will help her increase the size of her business. Determine the monthly payments for each loan offer below. 2-year loan 3-year loan
Q6. Looking at the coming years expenditures, Amy expects all expenses to be the same except for Car Payment and Gas. She still plans to spend $60 per month in gas, but her car will be paid off. If she uses the money from her car payment to make her loan payments, which loan could she afford?
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