Question: 9. Jake's uncle loaned him $23,500 to help him start a landscaping business. They agreed that Jake would pay off the entire loan plus 4.25%

9. Jake's uncle loaned him $23,500 to help him start a landscaping business. They agreed that Jake would pay off the entire loan plus 4.25% annually compounded interest in 5 years, and that in the meantime he would make monthly deposits into a bank account to make sure that he has the amount needed when the loan comes due. The bank account will pay 3%. a. Find the total amount Jason will to repay the loan. b. How much should each of his monthly deposits be

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