Martina's grandparents paid for the first 3 years of her college costs. As a senic loan in the amount of \( \$ 9,300 \) at a \( 4.29 \% \) interest rate for 10 years. a. If she chooses to make interest-only payments until the monthly loan payme interest-only payments? Express as a decimal (in years). \( \$ 398.67 \) b. What would be the total amount of her interest-only payments? \( \$ 3,986.70 \) c. If she begins her loan repayment with no interest capitalization since she alre and during the 6 -month grace period, how much will she have paid in interest \( f \) period? \( \$ 13,286.70 \)

How much would you need to deposit in an account now in order to have \( \$ 3000 \) in the account in 15 years? Assume the account earns \( 5 \% \) interest compounded monthly.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

You deposit \( \$ 500 \) each month into an account earning \( 6 \% \) interest compounded monthly. a) How much will you have in the account in 20 years? b) How much total money will you put into the account? c) How much total interest will you earn? \( \$ \)