Jack borrows $28,788 to pay for a car. The loan carries an annual rate of 4.6% and he wants to be debt free in 5 years by making biweekly payments (26 per year). How much interest will he pay on this loan?

Round your answer to the nearest dollar.

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Question 31 pts

Betty makes daily deposits of $7.72 into a savings account. If the account has an annual rate of 3%, how much interest will she earn after 678 days?

Round your answer to the nearest dollar.

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Question 41 pts

Sam borrowed $7,358 at an annual rate of 5.2%. If he will repay this debt weekly for 34 weeks, how much will each payment be?

Round your answer to the nearest dollar.

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Question 51 pts

Compute the future value of an annuity in which quarterly payments (4 each year) of $160 are made for 11 years at an annual rate of 3.1%.

Round your answer to the nearest dollar.