4. You deposit $450 at the end of every month for four years, at a nominal annual rate of 8.5% compounded monthly. Calculate the amount in your bank account after four years. 5. At the age of 35 John...

Extracted text: 4. You deposit $450 at the end of every month for four years, at a nominal annual rate of 8.5% compounded monthly. Calculate the amount in your bank account after four years. 5. At the age of 35 John began contributing 10,500 Php every month to a retirement fund. If his money earns interest at a nominal annual rate of12%, compounded monthly, how long does he have to make these payments if he wants his retirement fund to be 450,000 Php in the end?