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11) A car dealer offers payments of $399 per month for 60 months on a $36,000 purchase of a car, but you put down a
11) A car dealer offers payments of $399 per month for 60 months on a $36,000 purchase of a car, but you put down a $3,000 downpaymsnt. What is the loan's APR? a. 11.98% b. 7.72% c. 9.00% d. 14.37% If you have $220,000 in an account earning 4 percent annually, what constant amount could you withdraw at the end of each year and have nothing remaining at the end of 15 years? a. $14,069 b. $7,426 c. $20,380 d. $19,787 13) At 9 percent compounded annually, how long will it take $4,590 to double? a. 5 years b. 11 years c. 8 years d 2 years
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