Evan has $4,600 to deposit into two savings accounts. • Evan will deposit $2,000 into Account I, which earns 5% interest, compounded annually. • Evan will deposit $2,600 into Account II, which earns 4% annual simple interest. In 3 years, which account will produce more interest, and by how much? A Account I, by $3.25 B Account II, by $24.65 C Account I, by $9.45 D Account II, by $12.00

You deposit $400 in an account earning 3% interest compounded annually.  How much will you have in the account in 30 years? Round to the nearest penny.

Mai has contributed $175 at the end of each month into her company's employee retirement account for the past 10 years. Her employer has matched her contribution each month. If the account has earned interest at the rate of 3%/year compounded monthly over the 10-year period, determine how much Mai now has in her retirement account. (Round nearest cent.)$  Peggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the purchase price, she has secured a loan from her bank at 5%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $71.32 at the end of each month for 36 months. What was the purchase price of the furniture? (Round nearest cent.)$  The Turners have purchased a house for $140,000. They made an initial down payment of $20,000 and secured a mortgage with interest charged at the rate of 2.5%/year on the unpaid balance. (Interest computations are made at the end of each month.) Assume that the…