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please answer these. thank you! :) Question 8 (1.5 points) Micheal wants to have $49,000 in 12 years on a savings plan that requires monthly

please answer these. thank you! :) image text in transcribed
Question 8 (1.5 points) Micheal wants to have $49,000 in 12 years on a savings plan that requires monthly contributions. If he can earn 8 percent APR with monthly compounding on the savings plan, what is the amount that he will have to invest every month for the next 12 years? Round it to two decimal places and do not include the $ sign, e.g., 1234.56. Your Answer: Answer Question 9 (1 point) South Penn Trucking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying? 07% 8% 9% 10% 11%

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