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1) You just bought a house and your MONTHLY payments are $2,779.16 and you can get a loan from your local bank at a rate

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1) You just bought a house and your MONTHLY payments are $2,779.16 and you can get a loan from your local bank at a rate of 4.5% annually for 25 years. How much did you pay for the house? 2) You just bought a car and your MONTHLY payments are $711.45 which you got a loan from your local bank at a rate of 6.5% annually for 4 years. How much did you pay for the car? 3) You just bought a yacht and your MONTHLY payments are $3,662.55 which you got a loan from your local bank at a rate of 9% annually for 8 years. How much did you pay for the yacht? 4) You want to retire in 10 years and you can afford to put $4,622.01 MONTHLY in to an investment account for 10 years and you can get 7% from the investment account, How much money will you have in the account after the 10 year period

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