Andrea, a self employed individual, wishes to accumulate a retirement fund of $650,000. How much shoukd she deposit each month into her retirement account, which pays interest at a rate of 2.5%/year compounded monthly, to reach her goal upon retirement 40 years from now? (Round to nearest cent)

----

Darla purchased a new car during a special rates promotion by the manufacturer. She secured a loan from the manufactuer in the amount of $15000 at a rate of 4.9%/year compounded monthly. Her bank is now charging 6.9%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the of 3 years per each loan. How much less will she have paid in interest payments over the life of the loan by borrowing from the manufacturer instead lf her bank? (Round to nearest cent)

Interest paid to manufacterer:

Interest paid to bank:

Savings:

Andrea, a self-employed individual, wishes to accurate a retirement fund of $650,000. How much should do this account, which are the 2.5W/year compounded monthly, to reach her goal upon retirement years from sonhound your answer to the nearestent X Need Help? Answer MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 6. (-/3 points) DETAILS TANAPMATH7 43.038. Daria purchased a new car during a special sales promotion by the manufacturer. She secured loan from the manufacturer 1.000 arte como Her bank is now charging 60-year compounded monthly for new car consuming that each on would be more comments would have paid at the end of years for each on how much less will she have all interest payments over the life of the soon by Dorming mature water and your answers to the nearestent) wterest paid to manufacturers interest paid to bank 5 savings Need Help