Question: (2 points) Allan borrows $1800 from his uncle. Two years later, he borrows another $1400. If his uncle charges him 7.3% interest compounded annually, how

(2 points) Allan borrows $1800 from his uncle. Two years later, he borrows another $1400. If his uncle charges him 7.3% interest compounded annually, how much does Allan owe 7 years after the first loan? Allan owes his uncle a total of $ (2 points) Jaco wants to buy a new bass guitar which costs $3,199.99 plus tax. If his state's sale tax is 7.905% and he saves for 31 months, how much should he deposit into a bank account earning an annual interest rate of 2.48% compounded continuously if he wants to meet his goal? Jaco needs to deposit (Note: Your answer should have a dollar sign and be accurate to two decimal places)

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