Malaika has saved $15,000 already to buy a home. In the future, she can save $6,000 per year at the end of each year in a savings account. The savings accout is giving her 7.25% return per year. How many years will it take for Malaika to save $60,000 as a down payment to buy her dream house? Enter your answer in years in the following format: 1.23 Hint: Answer is between 4.87 and 6.06 You have just graduated and need money to buy a car. Maria, your rich aunt, will lend you the money if you pay her back in 4 years. You offer to pay her the same 6.5% rate of interest that she would otherwise get by putting her money in a savings account. Based on your budget, you can pay her $5000 in one year, and then $8000 each year for the next three years. How much can you borrow from your aunt Maria? Enter your answer in the following format: 12345.67 Hint: Answer is between 22130.54 and 27540.23 Peter is planning to buy a truck for $140,000 to expand his construction business. The bank offers him a 10-year loan with equal annual payments and an interest rate of 8% per year. The bank requires that he pay 20% of the truck's purchase price as a down payment and take a loan on the remaining 80% How much is Peter's annual loan payment? Enter your answer in the following format: 12345.67 Hint: Answer is between 15189.09 and 18527.35 You are considering investing in a savings account You have $20,000 now and you do not anticipate needing that money for 15 years, Banks are paying 6% interest rate per year. If you invest, How much money will you have after 15-years? Enter your answer in the following format: 12345.67 Hint: Answer is between 42179.42 and 53203.59