Mathematics, 19.12.2019 10:31 Poohpooh8548

(1) find the principal amount invested if the amount in a quarterly compounded account with a 3.07% interest rate is $5,993.69 after 66 months.
(2) a bank loans a customer $66,000 for a period of 5 years. the simple interest rate of the loan is 10.5%. what is the total amount that the customer will need to pay the bank over the 5 years

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(1) find the principal amount invested if the amount in a quarterly compounded account with a 3.07%...