Derek decides to buy a new car. The dealership offers him a choice of paying $580.00 per month for 5 years (with the first payment due next month) or paying some $28,325.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? round to 3 decimals. percentage.

Derek wants to withdraw $13,756.00 from his account 8.00 years from today and $12,434.00 from his account 11.00 years from today. He currently has $2,890.00 in the account. How much must he deposit each year for the next 11.0 years? Assume a 6.96% interest rate. His account must equal zero by year 11.0 but may be negative prior to that.

Derek currently has $11,644.00 in an account that pays 5.00%. He will withdraw $5,616.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $11644.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 24.00 years from today?

Derek can deposit $243.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit $2,417.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years?

Assume the real rate of interest is 3.00% and the inflation rate is 5.00%. What is the value today of receiving 10,628.00 in 13.00 years?