A Hummer H3 sells for $94,000 tax included. GMAC lends money at the rate of 9.4% APR If you buy the ear and borrow through GMAC, then what are the monthly (end-of-month) payments for a 7-year term? What is the amount of the monthly payment? $|:l (Round to the nearest cent.) The Shelby Cobra retails for 846,821 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4,263, the term is 5 years and the APR. is 14.5%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? $|:| (Type a number to the nearest cent.) Suppose your credit card balance is $16,000. The minimum payment is $329, and the annual percentage rate is 19.8%. a. If you make a constant monthly payment of $329, how long will it take you to pay off the credit card balance? b. How much interest will you pay if you elect to make the minimum payment? a. If you make a constant monthly payment of $329, how long will it take you to pay off the credit card balance? D months (Round to four decimal places.) Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due. Interest Deposit Future '3 Case Annuity Rate {"ln) Period [Yrsl Value [5) A 1 7,000 5 5 B 4,000 7 7