Practice Exerecise:
1. Teacher Kaye is saving \( 2,000.00 \) every month by depositing it in a bank that gives an interest of \( 1 \% \) compounded quarterly. How much will she save in 5 years?
2. Vladimir purchased a new car of \( ? 99,000.00 \) down payment and \( \$ 15,000.00 \) every month. If the payments are based on \( 7 \% \) compounded quarterlywhat is the total cash price of his car?