1. If you deposit $994 in an account that earns 3% per year, what would be the balance in the account at the end of 11 years if interest compounds monthly?
2. A deposit placed in an interest-earning account earns 35.1% a year. How many years will it take to double in value?
3. A borrower takes out a 10-year mortgage loan for $300,000 with an interest rate of 11.3%. What would the constant monthly payment be?