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34. Fatima wants to buy a boat that is available at two dealerships. The price of the boat is the same at both dealerships. Middlefield

34. Fatima wants to buy a boat that is available at two dealerships. The price of the boat is the same at both dealerships. Middlefield Motors would let her make quarterly payments of 4,750 dollars for 11 years at a quarterly interest rate of 3.93 percent. Her first payment to Middlefield Motors would be due in 3 months. If Fairfax Boats would let her make equal monthly payments for 4 years at a monthly interest rate of 0.71 percent and if her first payment to Fairfax Boats would be today, then how much would each monthly payment to Fairfax Boats be?

35. Cara just borrowed 245,758 dollars. She plans to repay this loan by making a special payment of 33,047 dollars in 6 years and by making regular annual payments of 28,962 dollars per year until the loan is paid off. If the interest rate on the loan is 6.29 percent per year and she makes her first regular annual payment of 28,962 dollars immediately, then how many regular annual payments of 28,962 dollars must Cara make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

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