Derek decides to buy a new car. The dealership offers him a choice of paying $542.00 per month for 5 years (with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 5.00% interest rate. What is the most that he would be willing to pay today rather than making the payments? Currency: Round to: 2 decimal places

Suppose you deposit $1,015.00 into an account 4.00 years from today that earns 11.00%. It will be worth $1,958.00 _____ years from today. Number: Round to: 2 decimal places.