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eory | ReadT... /5 Points] DETAILS TANAPMATH7 4.3.023. MY NOTES ASK YOUR TEACHER The price of a new car is $28,000. Assume that an
eory | ReadT... /5 Points] DETAILS TANAPMATH7 4.3.023. MY NOTES ASK YOUR TEACHER The price of a new car is $28,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 8%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 36 months? Over a period of 72 months? 36 months $ 72 months $ (b) What will the interest charges be if she elects the 36-month plan? The 72-month plan? 36-month plan 72-month plan -/5 Points] DETAILS TANAPMATH7 4.1.056. MY NOTES ASK YOUR TEACHER Five and a half years ago, Chris invested $10,000 in a retirement fund that grew at the rate of 9.82%/year compounded quarterly. What is his account worth today? (Round your answer to the nearest cent.) $
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