A $20 000 car loan is charged 3.9% per annum interest, compounded quarterly.

a) Determine the quarterly payments needed to pay the loan off in five years.

N = 20

I% = 3.9

PV = 20000

PMT = - 1105.53

FV = 0

P/Y = 4

C/Y = 4

c) How much in interest charges could be saved (compared to part a.) by making weekly payments of $100.00, if interest is charged at 3.9%, compounded weekly

N =

I% =

PV =

PMT =

FV =

P/Y =

C/Y =