You invest an initial $1,000 in an account that has an annual interest rate of 2%, compounded quarterly. how much money will you have in the account after 5 years? round your answer to the nearest whole number and include units.

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