Anewborn child receives a $8000 gift toward a college education from her grandparents. how much will the $8000 be worth in 18 years if it is invested at 5.1% compounded quarterly?

You have just applied, and have been approved for a $58,000 mortgage. the rate quoted to you by the lender is 6.1% for a 30 year fixed mortgage. determine how much of your third month’s payment goes towards the principal. $56.65 $56.93 $57.22 $57.51