10. 11. You deposit $500 into an account that pays 4.2% interest compounded monthly. How much money will you have in the account after 7 years? You

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10. 11. You deposit $500 into an account that pays 4.2% interest compounded monthly. How muchmoney will you have in the account after 7 years? You deposit $500 into an account that pays 4.2% interest compounded continuously. Howmuch money will you have in the account after 7 years? A loan of $24,735 was repaid at the end of 9 months. What repayment check (principal andinterest) was written if a 7.2% annual rate of interest was charged? A young couple is planning to buy a car in two years. How much money should they depositnow into an account paying 3% compounded daily in order to have $15,000 in 2 years.Assume each year has 365 days.