QS 33. Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $ 27,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 2-year ( 24 equal monthly payments) car loan from the university's credit union at an APR of 7.5 percent compounded monthly? Jesse's monthly car loan payment will be $ QS 34. You plan on buying some property in Florida 9 years from today. To do this, you estimate that you will need $45,000 at that time for the purchase. You would like to accumulate these funds by making equal annual deposits in your savings account, which pays 15 percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $45,000 when the final deposit is made, what will be the amount of your deposits? The amount of your end-of-year deposits will be $ QS 35. Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $350,000 Rolls-Royce Phantom. Jack currently has $44,600 that he may invest. He has found a mutual fund with an expected annual return of 4.7% in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes. The number of years it will take for Jack to win Jill's hand in marriage is years