Assume that the interest is added at the beginning of a new year. Make one graph that shows how each type of investment (simple and compound) starts with $1000 and grows over 8 years.

Margaret is purchasing a house for $210,000 with a 15 year fixed rate mortgage at 4.75% interest she has made a 5% down payment the house is valued at 205,000 and the local tax rate is 3.5% homeowners insurance 600 per year what are her total monthly payment