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Answer both questions. If only one is answered, I will downvote. Q15) You would like to purchase a car for $15,057.00. If the car loan
Answer both questions. If only one is answered, I will downvote.
Q15) You would like to purchase a car for $15,057.00. If the car loan is 12.09% financed over 4.0 years, what will the monthly payments be for this car? (1.5 points) Q16) What is the most that you would pay for an investment that promises to pay $21,365.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 30.00%. (1.5 points) When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal placesStep by Step Solution
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