In order to accumulate enough money for a down payment on a house, a couple deposits $300/month into an account paying 6% compounded monthly. if payments are made at the end of each period, how much money will be in the account in 5 years? what formula is required to complete this problem?

3women sell hats at a craft fair weekly. the money they make at the fair is split into categories. 9% goes to pay taxes. $55 goes to pay rent for the space they sell in. the rest is split between the women. if the group make $706 at the fair, how much does each women get paid once the money is divided