82 Derek borrows $36,880.00 to buy a car. He will make 5.09%. What will the payments be? Submit 595.49 Answer format: Currency: Round to: 2 decimal places. Show Hint Derek borrows $31,891.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.28%. After a 13.00 months Derek decides to pay off his car loan. How much must he give the bank? Submit Answer format: Currency: Round to: 2 decimal places. 114 Derek decides to buy a new car. The dealership offers him a choice of paying $541.00 per month for 5 years with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 6.00% interest rate. What is the most that he would be willing to pay today rather than making the payments? Submit Points: 1/6 Grade: 16.7% Progress: 16.7% Hide MacBook Air bank requires a 6.00% Interest rate. What is the most that he would be willing to pay today rather than making the payments? Submit Answer format: Currency: Round to: 2 decimal places. Derek plans to buy a $31,000.00 car. The dealership offers zero percent financing for 50.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today If the dealership offers him $ cash back. He can borrow money from his bank at an interest rate of 5.85%. Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,063.00 into an account 7.00 years from today that earns 11.00%. It will be worth $1,910.00 years from today : Submit Answer format: Number: Round to: 2 decimal places. Back To All Problem Sets Points: 1/6 Grade: 16.7 % Prograss: 16.7% Hide 82 Derek borrows $36,880.00 to buy a car. He will make 5.09%. What will the payments be? Submit 595.49 Answer format: Currency: Round to: 2 decimal places. Show Hint Derek borrows $31,891.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.28%. After a 13.00 months Derek decides to pay off his car loan. How much must he give the bank? Submit Answer format: Currency: Round to: 2 decimal places. 114 Derek decides to buy a new car. The dealership offers him a choice of paying $541.00 per month for 5 years with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 6.00% interest rate. What is the most that he would be willing to pay today rather than making the payments? Submit Points: 1/6 Grade: 16.7% Progress: 16.7% Hide MacBook Air bank requires a 6.00% Interest rate. What is the most that he would be willing to pay today rather than making the payments? Submit Answer format: Currency: Round to: 2 decimal places. Derek plans to buy a $31,000.00 car. The dealership offers zero percent financing for 50.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today If the dealership offers him $ cash back. He can borrow money from his bank at an interest rate of 5.85%. Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,063.00 into an account 7.00 years from today that earns 11.00%. It will be worth $1,910.00 years from today : Submit Answer format: Number: Round to: 2 decimal places. Back To All Problem Sets Points: 1/6 Grade: 16.7 % Prograss: 16.7% Hide