Andie deposits $120 every month into a savings account that pays 3.3% interest compounded monthly.  

What is the balance after 12 years?

a) Nancy has decided to deposit $500 at the end of each month for 20 years in an account that pays interest at the rate of 4.8% compounded monthly. How much will be in the account at the end of 20 years? b) John wants to accumulate s 150,000 by depositing $400 at the end of every quarter for 16 years. What is the rate of interest compounding quarterly needed to achieve this? c) James wants to become a millionaire by depositing $1200 in an account that pays interest of 7.2% compounded monthly. What is the minimum number of years needed to become a millionaire?

5. Stephanie puts s2000 into a savings account that pays 6.4% annual interest compounded yearly. a. Write a simplified function that models the amount of money in the account over time, b. Find the balance of the account after 6 years. c Will Stephanie have enough money in the account after 6 years to purchase a motorcycle for $3000? Explain.