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  3. part a your grandmother opened an account when you

Part A Your grandmother opened an account when you were born with 1000 The account...

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Algebra

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Part A Your grandmother opened an account when you were born with 1000 The account earns 3 interest compounded quarterly How much money will be in the account when you turn 18 Part B You had a part time job when you were 16 and saved all the money you made 1500 You put those earnings in an account earning simple interest at a rate of 2 5 How much will the account be worth 2 years later when you are 18 Part C You decided to buy at car using all of this money you have saved but realize you will still need to borrow 5000 If you get a standard loan using an APR of 4 for 5 years how much will your nonthly payment be on the loan h will you end up repaying after the 5 years if you pay the exact monthly payment you have paid in interest

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