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Derek decides to buy a new car. The dealership offers him a choice of paying $510.00 per month for 5 years (with the first payment

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Derek decides to buy a new car. The dealership offers him a choice of paying $510.00 per month for 5 years (with the first payment due next month) or paying some $28,990.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? Submit Answer format: Percentage Round to 3 decimal places (Example: 9.243%, % sign required. Wil accept decimal format rounded to 5 decimal places (ex: 0 09243) Derek wants to withdraw 514 364.00 from his account 3.00 years from today and $12,081.00 from his account 12.00 years from today. He currently has $2.646.00 in the account. How much must he deposit each year for the next 120 years? Assume a 6,53% interest rate. His account must equal zero by year 120 but may be negative prior to that Submit Answer format: Currency: Round to 2 decimal places

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