Question: Can you please show your work and help me understand how to get the correct answers. 3. You put $46,876 in your savings account at

Can you please show your work and help me understand how to get the correct answers.

3. You put $46,876 in your savings account at the bank today. The nominal interest rate is 7.2 %. Assuming you never took any money out: after 5 years, how much do you have in your savings account? Show the amount (no dollar sign) in pennies. E.g. 99.99

Answer:66,362.76

4. You borrow $13,378 to be repaid in equal monthly payments over 142 months. The nominal interest rate on the loan is 7.6%. Based on the above how much should the MONTHLY payment be? (Show 2 decimals!)

Answer:143.12

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