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please do it i excell and show formula Question 1 O out of 10 points What is the price of a car if the loan
please do it i excell and show formula
Question 1 O out of 10 points What is the price of a car if the loan from the bank to buy it involves annual payments of $6,110.00 to the bank for 6 years at an annual interest rate of 10.76 percent with the first X annual payment made to the bank in 1 year and a special payment of $5,690.00 to the bank in 2 years?(Round the value to 10th decimal and enter positive value) Selected Answer: [None Given] Correct Answer: 30,666.45 Answer range +/- 61.3329 (30605.1171 - 30727.7829) Question 2 O out of 10 points What is the price of a car if the loan from the bank to buy it involves annual payments of $7,440.00 to the bank for 6 years at an annual interest rate of 9.24 percent with the first X annual payment made to the bank in 1 year and a special payment of $4.940.00 to the bank in 6 years?(Round the decimal to 100th place) Selected Answer: [None Given] Correct Answer: 36,044.71 Answer range +/- 72.08942 (35972.62058 - 36116.79942)Step by Step Solution
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