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Suppose you invest $140 at the end of every three months for 6 years into an account earning 7% compounded quarterly. After 6 years, you
Suppose you invest $140 at the end of every three months for 6 years into an account earning 7% compounded quarterly. After 6 years, you leave the money, without making additional deposits for another 21 years earning interest at 7% compounded quarterly. Answer the following questions, and round all answers to two decimal places if necessary. How much will you have in the account after 6 years? P/Y=PV=$C/Y=PMT=$N=FV=$ How much will you have in the account after 27 years? P/Y=C/Y=N=I/Y= Mamadou purchased a car by making a down payment of $10,000 and monthly payments of $325 at the end of every month for 5 years. If interest was 2.55% compounded monthly, what was the purchase price of the car? What was the cost of financing? Round all answers to two decimal places if necessary. Enter only positive values for the "Purchase Price of the Car", and "Cost of Financing". N=1/Y=%P/Y=C/Y= PV=$PMT=$FV=$ Purchase Price of the Car =$ (enter a positive value) Cost of Financing =$ (enter a positive value)
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