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1. Derek borrows $263,106.00 to buy a house. He has a 30-year mortgage with a rate of 4.65%. After making 113.00 payments, how much does

1. Derek borrows $263,106.00 to buy a house. He has a 30-year mortgage with a rate of 4.65%. After making 113.00 payments, how much does he owe on the mortgage?

2. Derek borrows $36,439.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.76%. What will the payments be?

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