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  3. 1) if you were to borrow 9,600 over five years at

1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what...

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Accounting

1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what would be your monthly payment?

2) your uncle promises to give you $600 per quarter for the next five years. How much is his promise worth right now if the interest rate is 0.05 compounded quarterly

Please explain, thank you.

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