6. Suppose you buy a car that costs $22,500. If you borrow the entire amount at a rate of 4.4% compounded monthly for 5 years, what is the monthly payment? a. $335.95 b. $412.02 c. $348.44 d. $418.45 7. At some time in the past, you and your twin sister both invested $1,000. Today, you have more money than she does. Which of the following CANNOT be true, all else equal? a. Your APR is higher than hers. b. You invested yours longer ago than she did. c. Your rate is compounded less often per year than hers. d. You invested yours at a compound rate while she invested hers at a simple rate. 8. According to the Dupont Identify, if the Total Asset Turnover is 1.12 and the Debt-to-Equity ratio is .76 times, what must the Profit Margin be for the ROE to be 18.51%? a. 21.75% b. 3.37% c. 2.15% d. 9.39% 9. Twelve years ago, you invested $400 in an account. Today, it is worth $614.53. What annually compounded APR did you earn? a. 4.02% b. 9.12% c. 3.64% d. 15.76%