Suppose you are a very diligent saver and you deposit $1200 in an ac- count at the end of each month. Suppose further that the account earns a generous 6.5% interest annually. What will this account be worth if you continue with your deposits for 20 years?

Exam 2: Written Name:
Math110 Fall 2021

1.(10 points.) For the equation, y = −10 + 2x, complete the following: (a) Find the x-intercept (b) Find the y-intercept (c) Find the slope (d) Graph the line

2.(10 points.) Suppose you are a very diligent saver and you deposit $1200 in an ac- count at the end of each month. Suppose further that the account earns a generous 6.5% interest annually. What will this account be worth if you continue with your deposits for 20 years?

3.(10 points.) Given a rate of 2.5%, a term of 15 years, a mortgage amount of $135,000, and a monthly payment amount of $900.16, calculate the first two lines of the corre- sponding mortgage amortization schedule.