You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.6 percent per year, compounded monthly for the first six months, increasing thereafter to 16 percent compounded monthly. Assuming you transfer the $7,700 balance from your existing credit card and make no subsequent payments, how much interest will you owe at the end of the first year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest accrued You are to have $20,000 saved 3 years from today in order to make a down payment on a house To fund this, you will make deposts each week from your paycheck into an account that will eam 4.38 percent compounded weekly How much must you deposit each week? O $122.75 $12802 $13002 $13202 2