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Anthony borrowed $30,500 to buy a new car. The stated interest rate is 5.4 percent per year, but he is required to make monthly payments

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Anthony borrowed $30,500 to buy a new car. The stated interest rate is 5.4 percent per year, but he is required to make monthly payments for five years. What is his monthly payment on the loan? Select one: a. $539.52 b. $572.78 c. $581.18 d. $557.48 Sierra invested $800 into an account today, She plans to invest an additional $1,100 into the account one year from today, and an additional $1,200 into the account two years today. Assume that she will earn 6% per year, compounded annually on her investments. What will be the future value amount in her account five years from today? Select one: a. $2,355.53 b. $7,279.26 c. $5,991.40 d. $3,888.52

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