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6 Metro Toyota offers to sell you a new Toyota Tundra Pick-up truck at MSRP, (Manufacturer's standard retail price) and, of course, outstanding financing. The

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6 Metro Toyota offers to sell you a new Toyota Tundra Pick-up truck at MSRP, (Manufacturer's standard retail price) and, of course, outstanding financing. The list price is $42,350. The advertised rate is 5.25%. Calculate monthly payments on this 5 year loan. a. 804.06 b. 763.25 c. 712.10 d 705.25 7 Lets say you deposit $300 per month, every month for the next 10 years, beginning at the end of this month. You'll invest in a high risk stock fund that will pay 7.25\% What will be your balance when you go to retire in 10 years. a.b.c.d66,210.0064,450.0057,310.2552,646.01 8$5,000.00 deposited in an account earning 9.35%, for 10 years, compounded daily. Calculate the future value. a. 12,562.10 b. 12,575.36 c. 12,598.98 9 A mortgage loan is taken out for the amount of $225,000. It is a conventional mortgage loan, thirty years, monthly payments. Then mortgage interest rate in 5.10%. Calculate the monthly payment a. 1,221.64 b. 1,143.25 c. 1,194.49 d. 1,357.37

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