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50ts You are considering the purchase of a Mini Cooper. The dealer offers you a '36-month' 7 X APR loan with NO payments for six

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50ts You are considering the purchase of a Mini Cooper. The dealer offers you a '36-month' 7 X APR loan with NO payments for six months. The first payment is due six months from tody. The UST PAYMENT IS AT THE END OF THE MONTH 36 MONTHS FROM TODAY. Thus there are 31 payments. Payments are calculated on a $28,000 principal. The car is worth $28,000. How bis should the payment be? Question 10 During your retirement, starting 40 years from now and lasting 30 years, you want to hase income of $5,000. If you anticipate earning 8% on your savings, hour per month? Your first payment is at the end of this month

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