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4. Andre wants to buy a new car in a few vears. He sets a goal to have (c) $44,018 in his savings account in

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4. Andre wants to buy a new car in a few vears. He sets a goal to have (c) $44,018 in his savings account in order to buy a new car. Andre plans to save money for 5 years by making monthly deposits to a sawinks account that has an APR of 2.5% compounded monthly. Round enswers to two decimol ploces. 5. Walter is Andre's friend and is impressed by the new car. As such Walter thinks it's a good time for a new car as well. Since Walter has not been saving money, he plans to take out a loan to pay for the car. He is able to finance (c) $44,018 with a 5 -year loan. The loan has an APR of 3.25% compounded monthly. Found answers to two decimal ploces. (3 pt) (3pt)

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