1 Lupe made a down payment of $5000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 6%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $440/month for 36 mo. What is the cash price of the car?

2. Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $850/month for 18 years at 6%/year compounded monthly

3 Lupe made a down payment of $5000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 8%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $440/month for 36 mo. What is the cash price of the car?

(only answered needed)