Find the balance of an increasing annuity in which a principal of $20 is invested each month for 40 years, compounded monthly at a rate of 8%.

A) $939.44
B) $11,878.94
C) $5,744.14
D) $70,305.62
E) $3,703.31

Reed Lyons held a $1,790, 60-day note dated December 22, bearing interest at 9%. On January 11, he took the note to Surety Financing Company which discounted it at 13%. Use a 365-day year to find the missing information on the loan.
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