Monthly loan payments Personal Finance Problem Tim Smith is shopping for a used luxury car. He has found one priced at $28,000. The dealer has told Tim that if he can come up with a down payment of $4,800, the dealer will finance the balance of the price at a 7% annual rate over 5 years (60 months). (Hint: Use four decimal places for the monthly interest rate in all your calculations.) a. Assuming that Tim accepts the dealer's offer, what will his monthly (end-of- month) payment amount be? b. Use a financial calculator or spreadsheet to help you figure out what Tim's monthly payment would be if the dealer were willing to finance the balance of the car price at an annual rate of 3.7%? a. Tim's monthly (end-of-month) payment amount is $. (Round to the nearest cent.) 1 Growth rates Jamie El-Erian is a savvy investor. On January 1, 2010, she bought shares of stock in Amazon, Chipotle Mexican Grill, and Netflix. The table, shows the price she paid for each stock, the price she received when she eventually sold her shares, and the date on which she sold each stock. Calculate the average annual growth in each company's share price over the time that Jamie held its stock. i Data Table Purchase price $133 Stock Amazon Chipotle Netflix Selling price $912 305 160 Sale date January 1, 2020 January 1, 2018 January 1, 2019 93 5 Print Done