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Econ 1202 – Course Note – TWINKLE_ Search Essays Sign up Sign in Contact us Tweet Index /Business Econ 1202 [pic 1][pic 2][pic 3][pic 4][pic 5]The question has error, it should be compound annually not monthly, the answer should be 1000 x [(1.045^9-1)/0.045]x 1.045^12= 18319.10[pic 6]3072 x (1.004)^72=4094.9493 then minus 3072 and then minus 3072*4.8%*6 (simple interest).