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Question 1 A -C down below thank you ! Derek decides to buy a new car. The dealership offers him a choice of paying $567.00
Question 1 A -C down below thank you !
Derek decides to buy a new car. The dealership offers him a choice of paying $567.00 per month for 5 years (with the first payment due next month) or paying some $28,722.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) Derek wants to withdraw $13,896.00 from his account 6.00 years from today and $12,052.00 from his account 15.00 years from today. He currently has $3,106.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.64% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Derek currently has $13,242.00 in an account that pays 4.00%. He will withdraw $5,496.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $13242.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 22.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places
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