be inheriting $8,400. What is this inheritance worth to you today if carn o peeers from now, you will be inheriting $8,400. What is monthly A. $5,146.67 B. $5,198.03 C. 55,204.00 D. $5,270.26 E. $5,301.82 rate of interest must they report by law 6. A credit card company charges 1.5 percent interest per month. What to their potential borrowers? A. 18.00 percent B. 18.67 percent C. 19.5O percent D. 19.56 percent E. 19.72 percent 7. The Corner Auto Store will sell you a $3,500 car for s99 a month for 60 months. What is the interest rate? A. 24.90 percent B. 16.18 percent C. 15.46 percent D. 15.89 percent E. 23.16 percent 8. The house you want to buy costs $167,800. You plan to make a cash down payment of 10 percent and finance the balance over 30 years payment? A. $833.94 B. $926.60 C. $1,212.50 D. $1,287.50 at 5.25 percent. What will be the amount of your monthly mortgage E. $1,414.14 9. Jessica Qin purchased a small company for $189,000. The seller agreed to accept annual payments of $24,000 at an interest rate of 6.5 percent. How many years will it take Jessica to pay for this purchase? A. 11.39 years B. 12.00 years C. 12.35 years D. 14.65 years E. 15.33 years