How long will it take $49,000 placed in a savings account at 10% interest to grow into $98,000? 6.33 years 7.33 years 3.33 years 7.28 years You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs $4,900, which you plan to borrow as a down payment. You will need to make annual payments of $1,250 at the end of each year. Show the timeline of the loan from the Jewelry Store perspective. Show the timeline of the loan from your perspective. (Select the best choice below.) Choice A Choice B Choice C Choice D You are looking to buy a car and can afford $195 to pay per month. If the interest rate on a car loan is 0.2% per month for a 60month loan, what is the most expensive car you can afford to buy? $11,015 $10,852 $5,397 $4,406