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answer both questions pls Derek borrows $32,665.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest
answer both questions pls
Derek borrows $32,665.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.30\%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank? Answer format: Currency: Round to: 2 decimal places. Derek wants to withdraw $10,328.00 from his account 3.00 years from today and $12,051.00 from his account 15.00 years from today. He currently has $3,914.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 6.79% interest rate. His account must equal zero by year 15.0 but may be negative prior to that Step by Step Solution
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