What is the future value of $1,200, placed in a saving account for four years if the account pays 6.00%, compounded quarterly? (Your answer should be correct to two decimal places.)

Your brother, who is 6 years old, just received a trust fund that will be worth $23,000 when he is 21 years old. If the fund earns0.09interest compounded annually, what is the value of the fund today?

If you were to borrow $9700 over five years at0.10 compounded monthly, what would be your monthly payment?