car was purchased with a $1500 down payment and $265 monthly payments made at the end of each month for four years. The interest rate is 9% compounded monthly. What was the purchase price of the car? 12,148 11,270 , 12780, 13148

Payments of $2600, due 50 days ago, and $3100, due in 40 days, are to be replaced by payments of $3000 today and another payment in 30 days. What must the second payment be if the payee is to end up in an equivalent financial position? Money now earns 8.25%. 24 12 15 14 4300 3300 2719 2500