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6 You want to buy a new sports car from Muscle Motors for $35,000. The contract is in the form of an annuity due for
6 You want to buy a new sports car from Muscle Motors for $35,000. The contract is in the form of an annuity due for 48 months at an APR of 7.75 percent. 00:29:28 What will your monthly payment be? Multiple Choice $828.00 $802.65 0 $850.35 0 $844.89 $861.79 Mc You deposit $1,500 at the end of each year into an account paying 12.1 percent interest. a. How much money will you have in the account in 20 years? b. How much will you have if you make deposits for 40 years? You want to have $2.65 million when you retire in 36 years. You feel that you can save $550 per month until you retire. What APR do you have to earn in order to achieve your goal? Multiple Choice 9.70% O O 12.01% 11.67% O 11.23% O O 10.51%
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