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-Ricky borrowed $1,050 from Bubbles and agreed to pay $1,550 in settlement of the loan in 3 years and 9 months. What nominal interest rate

-Ricky borrowed $1,050 from Bubbles and agreed to pay $1,550 in settlement of the loan in 3 years and 9 months. What nominal interest rate compounded quarterly was charged on the loan?

-How long will it take for you to save $65,000 by making deposits of $700 at the end of every month into a savings account earning 7% compounded semi-annually?

years

and

months

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