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1 # IF YOU WERE TO BORROW $9.400 OVER FIVE YEARS AT 0.13 COMPOUNDED MONTHLY WHAT WOULD BE YOUR MONTHLY PAYMENT? #

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1 # IF YOU WERE TO BORROW $9.400 OVER FIVE YEARS AT 0.13 COMPOUNDED MONTHLY WHAT WOULD BE YOUR MONTHLY PAYMENT?
#2 YOUR BROTHERS, WHO IS 6 YEARS OLD, JUST RECEIVED A TRUST FUND THAT WILL BE WORTH $22,000 WHEN HE IS 21 YEARS OLD. IF THE FUND EARNS 0.10 INTEREST COMPOUNDED ANNUALLY, WHAT IS THE VALUE OF THE FUND TODAY?

 
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