Future Value of an Annuity Due SER[(1+rn) nt+1-1rn)-R Look for the interest rate on loans and terms (length of loan) if possible. Calculate three options (different interest rates) in the table below for 3 banks. We are comparing how the time will affect the Total Cost of each loan. a) You are planning on borrowing money from a bank to purchase a car. You have located the car and the cost is a 2018-year model which is priced at $10,500. You have saved $500 and are paying that down on the car. Find value when interest is 2.5% 60 months 48 months 72 months Find value when interest is 3.7% 60 months 48 months 72 months Find Value when interest rate is 2.6% 60 months 48 months 72 months Future Value of an Annuity Due SER[(1+rn) nt+1-1rn)-R Look for the interest rate on loans and terms (length of loan) if possible. Calculate three options (different interest rates) in the table below for 3 banks. We are comparing how the time will affect the Total Cost of each loan. a) You are planning on borrowing money from a bank to purchase a car. You have located the car and the cost is a 2018-year model which is priced at $10,500. You have saved $500 and are paying that down on the car. Find value when interest is 2.5% 60 months 48 months 72 months Find value when interest is 3.7% 60 months 48 months 72 months Find Value when interest rate is 2.6% 60 months 48 months 72 months