You can get 5% APR with monthly compounding on your money and want to invest $3,000, make no other deposits or withdrawals, and wait for the money to increase. How many years must you wait for $3,000 to become $6,000?

Enter your answer as a number with four decimal places. For example, if your answer is 90.1234, enter 90.1234

Your friend wishes to buy a car which costs $20000 and plans to finance all of that at 5% APR for 3 years. At the end of that time, the loan will be completely paid off. What will be the monthly payment?

Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $90.1234, enter 90.1234