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Please show how to solve this If Bryan has $51,800.00 to invest in an investment that makes fixed monthly payments of $1,070.00, how many monthly

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If Bryan has $51,800.00 to invest in an investment that makes fixed monthly payments of $1,070.00, how many monthly payments will he receive if he receives his first fixed monthly payment today and his return is 1.06% per month?(Round the value to 100th decimal)

Selected Answer:

68.27

Correct Answer:

67.22

Answer range +/-

0.13444 (67.08556 - 67.35444 )

What is the quarterly interest rate for Jack's loan if he borrowed $5,300.00 today, he must make equal quarterly payments of $830.00, with the first quarterly payment due later today and the last quarterly payment due in 6 quarters?(Round the value to 100th decimal)

Selected Answer:

2.35

Correct Answer:

3.18

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