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QUESTION 1 If you save 7 hundred dollars per month in a bank account that earns a 6% interest rate (compounded monthly) for 30
QUESTION 1 If you save 7 hundred dollars per month in a bank account that earns a 6% interest rate (compounded monthly) for 30 years, how much will be in your account in 30 years Eme? (Please use at least 5 decimal places and do not use $ symbol in the answer) QUESTION 2 You want to buy a home that cost 300,000 dollars, using a 30 year mortgage. If interest rates on the loan are 3.5% and interest is compounded monthly, what will be your monthly payment? (Please use at least 5 decimal places and do not use $ symbol in the answer)
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