17. (-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Bookmark this tab Luis has $530,000 in his retirement account at his present company. Because he is assuming a position with another company, I planning to roll over to a new account, Luis plans to put $2000/quarter into the new account until his retirement 20 years from now. If the new account came interest at the rate of year compounded quarterly, how much will have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula (Round your answer to the nearest cent. Need Help? Pad WUN MY NOTES DETAILS ASK YOUR TEACHER 18. (-/1 Points) PRACTICE ANOTHER Lupe made a down payment of $8000 toward the purchase of a new car to pay the balance of the purchase price, he has secured loan from her bank at the rate of year compounded monthly. Under the terms of her finance agreement she is required to make payments of $460/month for 36 months. What is the cash price of the car (Round your answer to the nearest cert.) $ Need Help? Read