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Question 1 1 pts You need to pay a tuition bill of $49,651 in 9 months. If your investment account pays 3.13% APR compounded monthly;
Question 1 1 pts You need to pay a tuition bill of $49,651 in 9 months. If your investment account pays 3.13% APR compounded monthly; how much do you have to deposit today to fund the tuition payment? Question 2 1 pts You want to buy a car that's currently priced at $25,699. The price of the car in one year will be $23,428 since it will be last year's model. You currently don't have anything in your bank account. Consequently, if you buy the car today you will borrow $25,699 from your parents who will charge you 3.2% APR compounded monthly. You will repay the entire loan balance in one year if you decide to buy the car today. How much will you save (viewed as of one year from now) if you wait to buy the car
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