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1.You want to buy a new car for $33,495. The contract is in the form of a 60-month annuity due at a 4% APR. What

1.You want to buy a new car for $33,495. The contract is in the form of a 60-month annuity due at a 4% APR. What will your monthly payment be? Round your answer to two decimals

2. offering to sell you an investment that will pay you and your heirs $2,742 per year forever. If you require a 7% return on this investment, what is the most you should pay for this investment? Round your answer to two decimals

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