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April 26, 2015

Homework Help: Math

Posted by Kate on Wednesday, July 13, 2011 at 10:19am.

Sam gets deposits a total of $3500 every three months to the bank which earns a 6.5% p/a. After five years how much will he have in his account?

Ren wants to buy a new car that costs $26255, so, he would deposit money into his savings account with an interest rate of 3.9% p/a compounded every 4 months, this has been going on for two years now. Determine Renís regular payment to the bank?

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