Decide whether the statement makes sense. Explain your reasoning. 13) The two accounts were offering the same APR, and both accounts had the same annual percentage yield, but one account compounded interest weekly while the other compounded interest monthly. 14) Jose's car gets about 20 miles to the gallon. He is thinking of buying a new fuel-efficient car which gets 50 miles to the gallon and which costs $25,000. He reasons in this way: "I drive about 300 miles per week. Gas costs about $3.50 per gallon. That means I'll save $1638 per year on gas. That means that if gas remains at $3.50 per gallon it will be about 15 years before the car has paid for itself. I don't think I can justify buying the new car 15) I was offered a 30-year mortgage at a fixed rate of 5.5% or an adjustable rate mortgage that starts at 4% for the first year. The ARM has no rate cap, but I will take that one anyway because it doesn't look like interest rates will be going up any time soon. 2271109 nipo Resum...(1).doc Lxam... C