Intro

You took out a loan to buy a new car. The monthly interest rate on the loan is

$1\mathrm{.}5\%.$ You have to pay $$220$ every month for $60$ months.

Part $1$

Attempt $\frac{2}{3}$ for $1$ pts$.$

What is the present value of the cash flows if it's an annuity due?

Part $2$

What is the future value of the cash flows if it's an annuity due?