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(1 point) Auto financing Jane made a down payment of 3000 dollars toward the purchase of a car. To pay the balance of the purchase
(1 point) Auto financing Jane made a down payment of 3000 dollars toward the purchase of a car. To pay the balance of the purchase price, she has secured a loan from her bank at the nominal rate of 5.3 percent per year compounded monthly. Under the terms of her finance agreement, she is required to to make payments of 170 dollars per month for 48 months. What is the cash price of the car? dollars (round your answer to the nearest cent). dollars (round your answer How much, in total, will Jane spend on interest charges? to the nearest cent.). (1 point) Karen makes a sequence of annual deposits into an account paying an effective rate of interest of 4.5 percent. The first deposit of 1500 dollars comes one year from now, and each subsequent deposit is 170 dollars larger than the last. If she will make 27 such deposits, what is their present value now? Answer = dollars. (1 point) Auto financing Jane made a down payment of 3000 dollars toward the purchase of a car. To pay the balance of the purchase price, she has secured a loan from her bank at the nominal rate of 5.3 percent per year compounded monthly. Under the terms of her finance agreement, she is required to to make payments of 170 dollars per month for 48 months. What is the cash price of the car? dollars (round your answer to the nearest cent). dollars (round your answer How much, in total, will Jane spend on interest charges? to the nearest cent.). (1 point) Karen makes a sequence of annual deposits into an account paying an effective rate of interest of 4.5 percent. The first deposit of 1500 dollars comes one year from now, and each subsequent deposit is 170 dollars larger than the last. If she will make 27 such deposits, what is their present value now? Answer = dollars
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