Determine the monthly principal and interest payment for a 20-year mortgage when the amount financed is $255,000 and the annual
percentage rate (APR) is 5.0%.
The monthly principal and interest payment is $
(Round to the nearest cent as needed.)

Charlene's parents deposit $500 in an account on the day she is born. the account earns a high interest rate of 9.2% compounded quarterly because charlene is not allowed to access the money until her 22nd birthday. how much money will charlene have on her 22nd birthday? a: $3,698.50 b: $5,921.31 c: $101,200 d: $ 824.58