1. Type out equation. 2. Put formulas into excel and show numbers and formula.

1. Your parents are giving you $160 a month for 4 years while you are in college. At an interest rate of .39 percent per month, what are these payments worth to you when you first start college? $6,758.54 $6,642.02 $8,427.88 $6,991.60 $6,858.86 2. Bob has saved $620 each month for the last 4 years to make a down payment on a house. The account earned an interest rate of.51 percent per month. How much money is in Bob's account? $29,760.00 $33,622.40 $32,605.14 $32,160.56 $32,463.01