Question
1. What is the price of a car if the loan from the bank to buy it involves annual payments of $7,300.00 to the bank
1. What is the price of a car if the loan from the bank to buy it involves annual payments of $7,300.00 to the bank for 5 years at an annual interest rate of 8.30 percent with the first annual payment made to the bank in 1 year and a special payment of $5,140.00 to the bank in 5 years?(Round the decimal to 100th place)
2. What is the price of a car if the loan from the bank to buy it involves annual payments of $6,280.00 to the bank for 4 years at an annual interest rate of 10.49 percent with the first annual payment made to the bank in 1 year and a special payment of $4,860.00 to the bank in 4 years?(Round the value to 10th decimal and enter positive value)
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