Questions:
1. You plan to deposit an amount into a savings account that pays 5.5% annual interest. How many years you have to wait until your money doubles?
2. You have a $3,000 and consider putting it in a savings account that pays 2.75% annual interest rate. How much money there will be in your account 5 years later?
3. You want to have $3,000 in your account 5 years later. How much money you need to put into account now? Account pays an inetredt of 2.5% annually.
4. A used casr parking lot has the following deal on a $18,000 car. Zero down and $385 minthly payements for 60 months. What is the monthly rate they charge?