1.You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years.

a.What will your monthly payments be? Round to the nearest cent

=

b.Assuming you pay that monthly amount for the entire 4 years, what is the total amount of money you will pay during those 4 years for the car?

=

c.How much interest will you pay during those 4 years?

=

2. 1.You have $500,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 30 years?

=