1. A person makes an initial deposit of $10,000 into a savings account and then deposits $1000 at the end of each quarter year for 15 years. If the interest rate is 2.2% compounded quarterly, how much money will be in the account after 15 years?
2. Car Loan A $10,000 car loan at 6% interest compounded monthly is to be repaid with 36 equal monthly payments. Write out an amortization schedule for the first 6 months of the loan.
3. Savings Plan A person pays $200 at the end of each month for 10 years into a fund paying .15% interest per month compounded monthly. At the end of the 10th year, the payments cease, but the balance continues to earn interest. What is the value of the fund at the end of the 20th year?