A. Derek decides to buy a new car. The dealership offers him a choice of paying $519.00 per month for 5 years (with the first payment due next month) or paying some $28,084.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options?

Answer Format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))

B. Derek wants to withdraw $11,102.00 from his account 4.00 years from today and $12,960.00 from his account 14.00 years from today. He currently has $2,315.00 in the account. How much must he deposit each year for the next 14.0 years? Assume a 5.95% interest rate. His account must equal zero by year 14.0 but may be negative prior to that.

Answer Format: Currency: Round to: 2 decimal places.

C. Derek currently has $13,130.00 in an account that pays 6.00%. He will withdraw $5,904.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $13130.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 23.00 years from today?

Answer Format: Currency: Round to: 2 decimal places.