If you save $3,000 at an interest rate of 14 percent per year, how much will you have at the end of six years? The interest should be compounded.

How much money does ron have left each month after his fixed expenses? ron graduated from college five years ago. he recently bought a house, but shares it with a housemate who pays him $800 a month for rent and utilities. ron is putting a budget worksheet together so he will have a better idea of where his money is going and where he can save. enlarge