6. The choices for problem number 14 part b from the book are given below. a. $92486 b. $724.94 c. $1,003.78 d. $87246 e. $986.78 7. The choices for problem number 18 part b from the book are given below. a. S924.86 b. S974.76c. $l,Ol2.l8 d. $872.46 C. $898.54 Use the following problem to answer questions 8 and 9. Candy purchases a new guitar costing $5,500 She put down 15% and finance the rest for 3 years through the store. The store will charge her 10% per year compounded quarterly. 8. Identify the type of problem. a. Present Value With compound interest b. Future Value of an Annuity c. Present Value of an Annuity d. Amortization e. Sinking Fund 9. What are her quarterly payments? a. $469.67 b. $502.35 c. $455.75 dr. $406.60 e. $48*880 (the pijBm to answer questions 10. A if ii mm W to have $400,000 in 6 years. How much should be invested Wimxa'i'iii'l'ggflMW 14. Help is Here, a wrecker company, will soon need to purchase a new wrecker. The company anticipates needing $35,000 in 3 - years. Thelr credit union offers an account that pays 3.4% per year compounded monthly for 36 months. Find the monthly payment needed to accumulate the desired sum". 15 A recently married couple is buying a condo. The original cost is $475,73376. They make a 25% down payment and finance the rest with a lending company. Their financing is for 25 years at 5.75% per year compounded monthly. Find their monthly payment. 16. A recently retired couple is buying a Vaeam'xm home in Florida. The original cost iss $221564312.45. They make a 20% down {ppm in and finance the restiwith a lending -.smri grain The financing is for 30 years at &?5% year compounded monthly. Find am My payment. Will am Press, a cleaners, anticipates they MW am M 530 in 4 years to replace ' , ' ' Their credit union pays ?3% per gm emmanded quarterly. How 4 : Ghulam mw in this account uh m mm m {SM-['tiilifi- m nm gb am" They ' ' s: t 2' ' 's college compounded mc monthly paymei 20. You just finishe your new car. T car is $45,679.2 you financing 2 compounded rr decide to secur you make a 10 your monthly 1