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$100 a month is invested at 15% for 10 years, compounded monthly. The future value of the fund is $6198.26 $100.50 $27.522 $1200.23 4 pts
$100 a month is invested at 15% for 10 years, compounded monthly. The future value of the fund is $6198.26 $100.50 $27.522 $1200.23 4 pts >> Question 7 An $11,000 car is bought with a down payment of $2000, and the rest, $9000, is borrowed over 5 years at an interest rate of 15% compounded monthly. The monthly payment is: $153.75 $2141 $101.61 $26169
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