$75K deposited at 1% monthly int.; $5K retired after 3 mos.

[flora]

A deposit of $ 75.000 takes place. - in a saving account that I own in the bank Nation, by which they remunerate monthly 1% to me. - After three months I retired $ 5,000 to constitute a fixed term to 90 days of term, an annual rate of the 15%. The rest of the money is in the original account. After 12 months from this one last operation all the accounts are cancelled. Which is the total amount after all these financial operations? :?

I want to know if this is the correct answer
1) after 1st month.....75000 + 750 = 75750
2)75750 + 757.50 = 76507.5
3)76507.5 + 765.075 = 77272.575
.........77272.575 - 5000 = 72272.575
after 12months you want to do

77272.575 x 1.01^7 = 82,846.67 Dollars you should have after 12 months
after 12 months after the 5000 taken out is
77272.575 x 1.01^12= 87,072.67Dollars

 

[Deleted member 4993]

A deposit of $ 75.000 takes place. - in a saving account that I own in the bank Nation, by which they remunerate monthly 1% to me. - After three months I retired $ 5,000 to constitute a fixed term to 90 days of term, an annual rate of the 15%. The rest of the money is in the original account. After 12 months from this one last operation all the accounts are cancelled. Which is the total amount after all these financial operations? :?

Please show us your work/thoughts, indicating exactly where you are stuck so that we know where to begin to help you.

 

[Denis]

Well, the wording of both your problems is very unclear:
could you ask someone who knows English to help you post clearly? Thanks.

Also, MORE information is required; as example, what is done with the $5000 after the 1st 90 days?
Does 90 days mean 3 months?