Question

1) Ryan wants to invest for retirement. He has assets valuing $50,000 and is looking to invest for 15 years. Company A will grow his money with a 3.65% interest compounded quarterly. Company B will grow his money with a 3.75% interest. 1) Find the amount for each company and then 2) identify which company is the better choice.
2) Rachel purchased a new car for $37,500. The car is going to depreciate at a rate of 18% for the first 5 years. About how much will the car be worth after 42 months?

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