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You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to

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You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 8%, compounded quarterly. How much will accumulate in three years by depositing $420 at the beginning of each of the next 12 quarters? Note: Use tables, Excel, or a financlal calculator. Round your final answers to nearest whole dollar amount. (FV of $1. PV of \$1. FVA of S1. PVA of \$1, EVAD of \$1 and PVAD of \$1) A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $13.500 not due for three years. The interest rate on the note is 6% What amount did the company borrow? Note: Use tables, Excel, or a financlal calculator. Round your intermedlate and final answers to nearest whole dollar amount. (FV of S1. PV of \$1. EVA of \$1. PVA of \$1. FVAD of S1 and PVAD of S1)

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