6. (Compound annuity) You plan on buying some property in Florida 3 years from today. To do this, you estimate that you will need $35,000 at that time for the purchase. You would like to accumulate these funds by making equal annual deposits in your savings account, which pays 8 percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $35,000 when the final deposit is made, what will be the amount of your deposits? The amount of your end-of-year deposits will be $nothing. (Round to the nearest cent.)

7.

(Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $35,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 7-year (84 equal monthly payments) car loan from the university's credit union at an APR of 5.1 percent compounded monthly?

Jesse's monthly car loan payment will be $nothing. (Round to the nearest cent.)