Suppose that when your friend was born, your friend's parents deposited $7000 in an account paying 6.3% interest compounded quarterly. What will the account balance be after 15 years?

Ricky takes out a $31,800 student loan to pay his expenses while he is in college. after graduation, he will begin making payments of $190.66 per month for the next 30 years to pay off the loan. how much more will ricky end up paying for the loan than the original value of $31,800? ricky will end up paying $ more than he borrowed to pay off the loan.