8% interest rate

QUESTION 2 10 points Save Answer A car dealer offers you a "buy now, pay later" deal in which you can buy the car now, and pay $1000 every month for the next 3 years. What is the value of the car? 8,504.88 8,863.25 16,546.85 33,365.70 QUESTION 3 10 points Save Answer Your parents have been saving "4 coffees a month" (i.e. $20) a month for you since your 5th birthday. They will give the money to your when you are buying your first house. You plan to buy your first house on your 35th birthday. If the account they have deposited the amount in pays 4% p.a., compounded monthly, how much will they give you when you buy your house? $11,654.74 $13,880.99 $677,597.56 $3,606.19